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Business Intelligence and Predictive Analysis Assignment

   

Added on  2020-04-15

5 Pages800 Words102 Views
Data Science and Big Data
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Running head: BUSINESS INTELLIGENCE AND PREDICTIVE ANALYSISBusiness Intelligence and Predictive AnalysisName of the StudentName of the UniversityAuthor’s Note
Business Intelligence and Predictive Analysis Assignment_1

1BUSINESS INTELLIGENCE AND PREDICTIVE ANALYSISIntroductionTechnologies, applications and practices that are used in data collection, integration,analysis and presentation of business information are cumulatively referred as businessintelligence (Chen, Chiang & Storey, 2012). It serves the purposes of supporting the manager totake better decision for the business. It provides views on historical, present and predictivebusiness operations from the stored data. Need for Business IntelligenceRecent businesses have identified various needs in their business for the integration ofbusiness intelligence. Some of the significant needs are discussed below.Overflowing data – Company after integration of modern technologies in their businessis stocking a huge amount of data. However, unsorted data in the system is of no use tothe business owners. BI can potentially help the business in sorting their significant datato provide a meaningful context.Incapability of Spreadsheet – Excel was manufacture to handle only a limited amountof data. The recent growth in business is overflowing the limits of excel spreadsheet.Even the routine clean and manage of data is not providing any potential benefits for theorganizations (Chaudhuri, Dayal & Narasayya, 2011). Incoming data are taking no timeto overreach the maximum capacity of the spreadsheets the companies are using that callsfor the implementation o business intelligence that has potential to handle the big data ofthe organizations. Multiple Data Sources – The data in today’s business is coming from multiple datasources in a single coherent location. The companies that are using traditional system in
Business Intelligence and Predictive Analysis Assignment_2

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