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UMUC IFSM300 week 3 discussion




Question;Just as accurate;timely, and dependable information is important to the intelligence community;(a plug there for you Intel folks), it is of paramount importance to have;relevant information that supports/determines the best decision possible within;the business realm as well. Succinctly put, "Information impacts Business;Intelligence....;What is Business;Intelligence (BI)?", you might ask. According to one of my favorite;IT-related Websites ( BI is described as, "an umbrella;term that refers to a variety of software applications used to analyze an;organization?s raw data. BI as a discipline is made up of several related;activities, including data mining, online analytical processing, querying and;reporting. Companies use BI to improve decision making, cut costs and identify;new business opportunities. BI is more than just corporate reporting and more;than a set of tools to coax data out of enterprise systems. CIOs use BI to;identify inefficient business processes that are ripe for re-engineering. With;today?s BI tools, business folks can jump in and start analyzing data;themselves, rather than wait for IT to run complex reports. This;democratization of information access helps users back up?with hard;numbers?business decisions that would otherwise be based only on gut feelings;and anecdotes. Although BI holds great promise, implementations can be dogged;by technical and cultural challenges. Executives have to ensure that the data;feeding BI applications is clean and consistent so that users trust;it...." (Source;;Examples of use of BI;as indicated in your textbook, include;- Analyzing popular;vacation locations, along with current flight listings (Airlines);- Comparing the;demographics of patients with critical illnesses (Health care);- Predicting sales;levels of inventory, and distribution (or means of distribution) (Retail);Virtually every business;or organization can ideally benefit from the use of BI, it can help answer;critical questions that impact the business or organization's future.;As a;Response to this Conference Topic, refer to the Questions in Chapter 6, under;the section "Learning Outcome Review" (pgs. 239,240);Select two (2) out of the eight questions, and do some;research (Internet sites are fine--do NOT use the Wikipedia Website!!) on the;topic addressed within the respective question(s);#1 - The four traits;determining the value of information;#2 - A database;database management system (DBMS), and the relational database model;#3 - The business;advantages of a relational database;#4 - Benefits (from a;business perspective) of a data-driven Website;#5 - The data warehouse;#6 - Extraction, transformation;and loading (ETL) and the role of a data mart, in business;#7 - Data mining, and;the three common forms for mining data (structured, and unstructured), and;#8 - The advantages of;using BI to support managerial decision-making;Write a well-thought-out;comprehensive, 2-3 paragraph article on each of the two (2) questions you;have selected. In addition to describing (in your own terms) "what;the subject-matter is, give a detailed example of how it is used in today's;business or organization.;Properly cite your;reference(s), for each question you choose - do not use your textbook as a;reference, unless you (absolutely) cannot find an outside source....


Paper#36802 | Written in 18-Jul-2015

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