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Business Intelligence

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1331 words
1331 words
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Introduction The dynamics of our society bring many challenges and opportunities to the business world. Within the last decade, hundreds of jobs have emerged particularly in the technology sector to help keep up with the ever-changing world and to compete on a larger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small to large companies and are becoming higher desired sectors within the back offices of the workplace. This paper will explore what the meaning of BI and DM really is, how they are used and what we can expect as workers and learners of the technology and business fields for the future. What Is Business Intelligence and Data Mining? Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization’s raw data. BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting. Data mining is the process of sorting through large amounts of data and picking out relevant information. It is usually used by business intelligence organizations, and financial analysts, but is increasingly being used in the sciences to extract information from the enormous data sets generated by modern experimental and observational methods. History of Business Intelligence and Data Mining 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... ... middle of paper ... ...at to expect from our society and consumers is very key in the business world. With business intelligence and Data Mining strategies and skills, companies can have that extra competitive edge which will in turn increase profits and market share. The skills gained by those employees who specialize in the BI and DM fields will continue to be top-notch assets to companies and based on the salary trends, they will continue to have increasing compensation. Businesses that implement BI and DM effectively will dominate their markets and stay ahead of the curve. References http://en.wikipedia.org/wiki/Business_intelligence http://www.podtech.net/home/search/Business+Intelligence http://www.cox.smu.edu/certificates/businessintelligence http://www.indeed.com/salary?q1=computer+science%2C+data+mining&l1= http://www.spss.com/software/?source=homepage&hpzone=nav_bar

In this essay, the author

  • Explains that business intelligence and data mining are key job markets and the basis of this research paper. these two fields play a very important role in small to large companies.
  • Explains that business intelligence, or bi, is a variety of software applications used to analyze an organization’s raw data. data mining is the process of sorting through large amounts of data and picking out relevant information.
  • Explains that people are beginning to realize the effective use of bi/data mining and how it can transform their business and gain the competitive advantage.
  • Explains the business intelligence graduate certificate program at the cox school of business enables business managers and business analysts to understand how information can be accessed from corporate databases and data warehouses.
  • Opines that business intelligence and data mining strategies and skills can increase profits and market share. employees who specialize in bi and dm fields will continue to be top-notch assets to companies.
  • Explains that business was a collection of activities carried on for whatever purpose. howard dresner popularized bi as an umbrella term to describe concepts and methods to improve business decision-making by using fact-based support systems.
  • Explains that the bi architect position requires a broad range of skills and the ability to step into different roles depending on the size and scope of an engagement.
  • Compares bi/dm salaries with it industry salaries, which rose 3.7% last year. the average salary rose 4% in 2007 to $98,418, up from $94,615 in 2006.
  • Describes the operating systems of microsoft® windows® vista® (business and enterprise) and xp professional with service pack 2.
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