Current Trend in Business Intelligence

Current Trend in
Business Intelligence

Table of Contents
INTRODUCTION ..........................................................................................................................1
MAIN BODY...................................................................................................................................1
Current Trends in Data Warehousing, Business Intelligence and Data Mining.....................1
Concepts and Principles of Predictive Analytic Software:.....................................................3
CONCLUSION................................................................................................................................4
REFERENCES ...............................................................................................................................5

INTRODUCTION
Business Intelligence(BI) involves technical and procedural infrastructure that stores,
analyzes and collects data produced by various company's activities. It is a broad term that
involves and encompasses process analysis, data mining, descriptive analytics and performance
benchmarking. The company chosen for this report is Tesco. It is a British general merchandise
retailer founded in 1919 and headquartered in Welwyn Garden City, United Kingdom. In the
present report, there is detailed discussion on current trends in Data warehousing, business
intelligence and data mining. In addition to that there is a comprehensive knowledge and
systematic understanding of essential principles and concepts by using predictive analytic
software.
MAIN BODY
Current Trends in Data Warehousing, Business Intelligence and Data Mining.
Business Intelligence has an increasing impact on business performance and decision
making within organizations. The business and organizations have invested in resources which
are needed for Business Intelligence and Analytics. Most organizations invest a considerable
resource in area of BI&A in order to increase awareness for better business performance and
decision making (Anifowose, 2021).
Data Warehouse involves type of data management system which is designed to support and
enable business intelligence activities which especially involves analytics. The data warehouses
are solely intended to perform queries and analysis that involves large amounts of historical data.
Data Mining involves the process of discovering and extracting patterns in large sets of data
including various methods at the database systems, statistics and intersection of machine
learning(Corazza and Zanin, 2020).
Current trends in Data Warehousing :
Providing Data Quality: Providing quality in data plays a very important role in data
warehousing. It is perhaps the most important trends. There are various sources of poor data
quality in data warehousing which involves conversion errors, consolidation errors, data input
1