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Sample Assignment Business Intelligence

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Added on  2021-06-22

Sample Assignment Business Intelligence

   Added on 2021-06-22

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Business IntelligenceGCS0803_PPTGroup 327 May 2021Lab Report 2Team membersNameIDLữ Triển Thông - LeaderGCS190867Ung Ngọc SangGCS190660Tào Gia HuyGCS17339Ngô Kim HuyGCS190309Nguyễn Đình PhátGCS200024IntroductionIt is not a new concept to use business intelligence tools to improve your business operations.In reality, the term "business intelligence" was originally used in a book in the 1800s to explain how a financier had been outsmarted by competitors who used market knowledge to play the market. Of course, we'll use a more recent definition of the term: business intelligence (BI) refers to technology, methods, and applications that collect, integrate, analyze, and present business data in order to make data-driven business decisions.BI software analyzes data that is entered by users and/or fed from data sources. The data is then organized according to any patterns or trends discovered. The information is then displayed as visualizations, allowing even those who are untrained with statistical analysis to interpret the material.
Sample Assignment Business Intelligence_1
Sales IntelligenceOne of the most important applications of BI is where your company meets the client. Customer negotiating is an important talent that any sales department should develop. It might be difficult to move leads through the pipeline and persuade potential customers to buyyour product or service. This process is becoming smoother and more predictable thanks to the use of business analytics and intelligence.Business intelligence applications and their impactsOne of the most important applications of BI is where your company meets the client. Customer negotiating is an important talent that any sales department should develop. It might be difficult to move leads through the pipeline and persuade potential customers to buyyour product or service. This process is becoming smoother and more predictable thanks to the use of business analytics and intelligence. Knowing the customer means you can better serve them!The reports and dashboards provided by BI are also highly beneficial for providing easy-to-understand statistics to potential clients to support their claims. Managers can use the data gathered through business intelligence analysis to make data-driven decisions based on hard data and predictions.Another advantage of using business intelligence is that it allows you to keep one step aheadof your competition. BI systems collect data that keeps managers informed about where theirbusiness stands in reference to various KPIs, ensuring that they are never caught off guard. Inany industry, planning is one of the most crucial aspects to staying ahead of the competition,and BI makes it easier than ever before.
Sample Assignment Business Intelligence_2

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