Trends in Data Handling: Business Intelligence, Warehousing and Mining

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This essay provides an in-depth analysis of data handling, business intelligence (BI), and analytics within organizations, emphasizing their crucial role in achieving business objectives and maintaining a competitive edge. It evaluates current trends in data warehousing, data mining, and BI, highlighting their impact on decision-making and overall organizational performance. The essay discusses the importance of investing in analytics to improve business performance and the necessity of adopting various resources, including data, within a business context. It further explores the application of BI and analytics across different domains, such as agriculture, finance, marketing, and human resources, and concludes that BI and analytics have become integral for organizations to effectively handle, store, and analyze data to achieve desired goals.
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DATA HANDLING AND
BUSINESS INTELLIGENCE
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1
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INTRODUCTION
Data handing is one of the most important part of an organization that helps companies in
ensuing that their data is accurate, stored securely such that the main business objectives of an
organization are achieved in an adequate and appropriate manner. this assessment will be
focusing upon evaluation of current trends in data warehousing, business intelligence and data
mining.
Research informed literature:
Business intelligence and analytics refers to umbrella term, which includes the
infrastructure, tools and the applications and best practices which enable the companies to access
and analyse the information for improved and optimized performances and decisions. As per the
views of author, business intelligence and analytics is an emerging trend as evaluating its
effectiveness to understand the value of its management investments and actions as well.
Investing in analytics in important as it has become a means to improve the business
performances. These processes make the organizational processes more efficient and effective.
Business intelligence and analytics have dual approach which involves strategic values and
operations values. However, the success in business intelligence and analytics is complex and
depends upon the capability of the company to harness the multiple resources including data in
business context simultaneously. Although it is not clear how the business intelligence and
analytics help in enhancing an organization's performance, but it plays a pivotal role in value
creation.
KNOWLEDGE AND UNDERSTANDING OF SUBJECT
Analysis of emerging trends of Business intelligence and analytics in organization Article
it was identified that Business intelligence and analytics plays a vital and most important role
within organizations. It was well understood that both Business intelligence and analytics has
directly impacted decision making and overall performance of organizations. Due to this, its
importance for organizations has increased drastically and as a result various kinds of resources
are required to be adopted by organizations (Božič and Dimovski, 2019). Today most of the
organizations are using data warehousing, data mining and BI as an important part of business.
In fact, it has become an integral and necessary part of an organization.
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I have further understood that there are various kinds of models that can be used for
understanding importance of these business intelligence, data warehousing and data mining
concepts. BI&A maturity model is one of those models that can be used for understanding
changes in BI and ways in which it has been adopted by business organizations. Various kinds of
research have been done in this area that has further helped in understanding that due to
increasing necessity and important for data mining, BI and analytics need and requirement of
various kinds of skills for organizations have increased. Not only this need and requirement of
information related to BI, data analytics for employees so that they can work upon highly
advance and new technology and can easily work upon new technologies/ software’s or systems
of business intelligence (Božič and Dimovski, 2019). It was also understood that BI and analytics
is used in different ways at different level of organization and in order to use in in effective
manner training is important to be provided to all the employees so that they can understand
ways in which and in different manner BI& A can be used in different phases of organization.
Analysis
The usage of varied data aspects found in emerging trends and impact of business
intelligence and analytics, found among organisation has been found to be critically essential
presented in logical format. Also analytical thinking, usage of specific evaluation methods has
further enhanced working expertise within research results. It can be also analysed that analysis
has depicted that business intelligence, and working analytics further integrates wider scale
competencies variedly. The article has further also presented in depth analysis, towards
technology driven procedures for analysing data and presented in specific actionable
information. Furthermore, it has been also found that article has presented in managerial decision
making ways where recent methods and decisions have been found to be crucial. Also, it plays
essential role where ideas have further presented in depth analysis towards evident usage of
literature and significant usage of productive information goals practically. This further also can
be understood that technology driven procedures, in recent horizons further are practically
evolving among new parameters and also evolved growth to be technically shaped up.
The valid analysis, of specific functional working information towards managerial
aspects towards stringently determinants towards connecting to new specifics related with
technology. Article has presented functional appropriate format, towards generating managerial
decision making business intelligence paradigms which further strengthens working
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competencies within goals. Also article has retained functional goals where technology
innovation, usage of big data specifics and further advancement enhances scope for extended
growth aspects diversely. The research within article has also functionally evolved horizons
where technology driven procedures, further generates primitive interest about recent trends
shaped among research horizons variedly (Qi, 2020). Also analysis has further evolved in depth
crucial goals actionable towards managerial aspects, usage of best business intelligence
concepts and methods for significant growth rise evolving. It has been also found that research
has further showcased significant enlightened specifics, factors where companies in recent
business horizons are taking up competent steps for shaping productive growth. Analysis has
further presented research in effective efficacy competencies, where usage of latest technologies
among businesses plays crucial role for enhancing competent productive pace functionally.
Furthermore, literature used in research to be further evolved for determining new vision
oriented goals within recent trends used by companies.
Practical application and deployment:
Business intelligence and value creation can add value to every business process through
creation of a comprehensive view and empowering the teams in order to analyse the own data to
create day to day decisions. There are many companies which have adopted the emerging trend
of business intelligence and analytics in its value creation (Bordeleau, Mosconi and de Santa-
Eulalia, 2020). The digitalization has enabled the companies to make most of its data
investments through business intelligence tools. In business analytics various tools and
techniques are available for the companies to analyse, explore and investigate data. The
application of business intelligence and analytics have shown a tremendous growth in the future
to overcome the challenges. Through this, the companies can resolve the issue before they arise.
It is applicable in various different domains such as agriculture business analytics, finance
marketing, stock marketing, human resource and customer relationship management as well. I9n
the casse study, various organizations have shown the emerging trends with the different levels
of the business intelligence and analytics maturity.
Skills for professional practice
The use of business intelligence and analytics in different organizations have been increasing.
The organisations who have higher levels of maturity of business intelligence and analytics have
higher number of business intelligence and analytics uses across various functions (Rikhardsson
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and Yigitbasioglu, 2018). Majority of the companies believes that business intelligence and
analytics have been proved top be effective in attaining better assess to data, better decision
making, enhanced efficiency of internal processes, improved customer services and decreased
operational costs etc.
CONCLUSION
From the above assessment it has been analysed that BI and Analytics has become one of the
most important and crucial part of an organization that can help an organization in handing their
data, storing data, analysing data for achievement of desired goals and objectives and for
remaining competitive within market in which they operate. The results analysed within study
has concluded technical vision behind new scale vision operated in technology parameters, and
usage of latest technologies towards fundamental proceedings rapidly.
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REFERENCES
Books and journals
Bordeleau, F.E., Mosconi, E. and de Santa-Eulalia, L.A., 2020. Business intelligence and
analytics value creation in Industry 4.0: a multiple case study in manufacturing
medium enterprises. Production Planning & Control, 31(2-3), pp.173-185.
Božič, K. and Dimovski, V., 2019. Business intelligence and analytics for value creation: The
role of absorptive capacity. International journal of information management, 46,
pp.93-103.
Božič, K. and Dimovski, V., 2019. Business intelligence and analytics use, innovation
ambidexterity, and firm performance: A dynamic capabilities perspective. The
Journal of Strategic Information Systems, 28(4), p.101578.
Qi, C. C., 2020. Big data management in the mining industry. International Journal of Minerals,
Metallurgy and Materials, 27(2), pp.131-139.
Rikhardsson, P. and Yigitbasioglu, O., 2018. Business intelligence & analytics in management
accounting research: Status and future focus. International Journal of Accounting
Information Systems, 29, pp.37-58.
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