Database Applications in Business Intelligence Table of Contents Introduction…………………………………………………………………………………3 Motivation…………………………………………………………………………………..3 Research methods……………………………………………………………………………3 Why is business intelligence so important? ……………………………………………….4 Two main functions of Business Intelligence………………………………………………5 Popular BI tools……………………………………………………………………………..5 What is QlikView…………………………………………………………………………….6 Important features of QlikView…………………………………………………………….6 How is QlikView used in business organizations?...................................................................7 Visualization of data using QlikView………………………………………………………8 Conclusion……………………………………..…………………………………………….20 References……………………………………….…………………………….……………21 Introduction Business Intelligence is a process for increasing the competitive advantage or performance of a business or organization by the intelligent use of available data in decision making. It is a key component of business performance management. It is a broad category of software applications and technologies for gathering, storing, analyzing, and providing access to data to help managers and staff make better business decisions. BI can include decision support systems, query and reporting, online analytical processing (OLAP), statistical analysis, forecasting, and data mining. Motivation Business Intelligence is one of the most valued systems that business organizations need nowadays. Recent studies on BI have shown that it can help in increasing the business sales by at least 30%. The reason that inspired us to research on applications of databases in business intelligence is to get more knowledge about its functionalities, features, and benefits for both... ... middle of paper ... ...ence Definition and Solutions." CIO. N.p., n.d. Web. 9 Apr. 2014. . • "Business Intelligence Functions." Business Intelligence Functions. N.p., n.d. Web. 11 Apr. 2014. . • "Business intelligence." Wikipedia. Wikimedia Foundation, 4 Aug. 2014. Web. 11 Apr. 2014. . • "Oracle Business Intelligence (BI)." Tools and Technology. N.p., n.d. Web. 11 Apr. 2014. . • "What is Business Intelligence?." What is Business Intelligence. N.p., n.d. Web. 11 Apr. 2014. .
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After understanding the possible outcomes and usages of Big Data Mining and Analytics, the study of the process is necessary to identify the real possibilities behind this techniques and how this can improve a business performance. To do this; we should comprehend the basics about data mining and the process that leads from pure data to insights.
First of all, business intelligence analysis requires the capturing of information and storing in a single location for effective data analysis. Currently, data analysis is supported by transactional systems, business specific data marts, and other ad-hoc processes. Information is distributed making it difficult and time-consuming to access. Business teams have adapted to this environment by creating user maintained databases and manual “work-arounds” to support new types of reporting and analysis. This has resulted in inconsistent data, redundant data storage, significant resource use for maintenance, and inefficient response to changing business needs.
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What is management accounting? Definition and meaning In-text: (BusinessDictionary.com, 2015) Bibliography: BusinessDictionary.com, (2015). What is management accounting? Definition and meaning.
Companies have transformed technology from a supporting tool into a strategic weapon.”(Davenport, 2006) In business research, technology has become an essential means that many organizations use in their daily operations. According to the article, Analytics is a major technological tool used. It is described as “the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions."(Davenport, 2006) Data is compiled to enhance business practices. When samples are taken, they are used to examine research and understand how to solve problems or why situations are as they are. Furthermore, in this article, Thomas Davenport discusses analytics from a business standpoint. He refers to organizations that have been successful in their usage of data and statistical analysis. In addition, he also discusses how data and statistics can be vital in the efforts to improve the operations of businesses.
Databases are becoming as common in the workplace as the stapler. Businesses use databases to keep track of payroll, vacations, inventory, and a multitude of other taske of which are to vast to mention here. Basically businesses use databases anytime a large amount of data must be stored in such a manor that it can easily be searched, categorized and recalled in different means that can be easily read and understood by the end user. Databases are used extensively where I work. In fact, since Hyperion Solutions is a database and financial intelligence software developing company we produce one. To keep the material within scope I shall narrow the use of databases down to what we use just in the Orlando office of Hyperion Solutions alone.
Prior to the start of the Information Age in the late 20th century, businesses had to collect data from non-automated sources. Businesses then lacked the computing resources necessary to properly analyze the data, and as a result, companies often made business d...
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The Database Management System (DBMS) is software that enables the users to define, create, maintain and control the access to the database. It is a software that interact with the user’s applications programs and it database. Meanwhile, information retrieval system is a system that involved the activity that the systems obtain the information. The obtaining information action need the information from it resources.
Currency Fluctuation, What is Currency Fluctuation, 2014. Available at: http://www.wisegeek.org/what-are-currency-fluctuations.htm Retrieved at 6th April 2014
In our world, people rely heavily on the power of technology every day. Kids are learning how to operate an iPad before they can even say their first word. School assignments have become virtual, making it possible to do anywhere in the world. We can receive information from across the world in less than a second with the touch of a button. Technology is a big part of our lives, and without it life just becomes a lot harder. Just like our phones have such an importance to us in our daily lives, database management systems are the same for businesses. Without this important software, it would be almost impossible for companies to complete simple daily tasks with such ease.
What are some advantages and disadvantages of being an accountant?. (2014, January 1). WikiAnswers. Retrieved April 27, 2014, from http://wiki.answers.com/Q/What_are_some_advantages_and_disadvantages_of_being_an_accountant?#slide=4