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Conclusion
In conclusion, it is easy to see that there are many components to running a successful business. A lot of these are set up into processes that business owners and workers use, like a well-oiled machine, to go through the day-to-day operations of the company and keep it working smoothly. All of the above-discussed areas are part of that, and they are all part of business intelligence. Most closely related is knowledge management, because that basically encompasses all different types of issues from sales forecasting to market research to the utilization of common sense in business. Knowledge management is a process, just like business intelligence, and many people will tell you that they are one and the same or that they run parallel to one another with only slight differences. It seems, however, that knowledge management is actually part of business intelligence, because there is more to being intelligent in business than only the management of knowledge.
Intuition,...
Some business owners have a lot more of these things than others do, and that makes them arguably more intelligent from a purely business standpoint. Anyone can take knowledge management, processes, and facts and figures and make those things work for them in the sense that they can create a business in the most basic sense. The heart and soul of a business, however, is what the owner and the employees put into that business, and that is more of an intuitive process than a statistical one. Both the management of knowledge and these other factors must be combined to ensure that a business enjoys success. Without one or the other the business is missing out, and the customers are missing out, as well. Sales will suffer with problems such as these and it is much better to invest in all areas of a business so that customers feel as though their purchases matter. That is the intelligent way to operate a business today.
Business Intelligence The quest for so-called "Business Intelligence," or BI for short, has been on the forefront of many organizational priorities in the last decade and it is likely that this trend will continue indefinitely. The attraction to BI is fairly clear. Although collecting and storing large amounts of information has become ubiquitous among modern organizations, there has been a relatively slower development in the ability to harness information to better
Although intranet pages may provide links to the Internet, an intranet is not a site accessed by the general public" (Housel and Hom, 1999). Aside from the intranet, the company also uses a wide array of anti-virus programs, firewalls and virtual private networks. The scope of these software applications is that of screening the information which flows between all the organizational computers (Answers, 2011). At the level of the organization,
Business Intelligence Unlike its Military counterpart, Business Intelligence is not an oxymoron. There are many examples of successful implementations of Business Intelligence despite the challenges. This paper explores the purposes for and the complexities of data processing systems that are designed to provide tools for top managers in their task of wading through swamps of unrelated information as they hone in on supports for taking critical business decisions. A possible confusion of
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