Problem-solving today is complex; applying the variety of business intelligence to problem solving is goal-directed and purposeful.
Business Intelligence is an organization's motivation and ability to effectively create and use information to execute business activities that deliver sustainable business benefit,
Human mind processes & refines information, utilizing cognitive abilities to derive value for the betterment of humankind is intelligence: People all have certain levels of cognitive abilities to process information, build intelligence and instruct actions. The issue of "actionable" is more a matter of whether intelligence generates value. Intelligence is multidimensional, and subjective as well. People can be highly intelligent, but only when the intelligence translates into action is any value creation possible. Collectively, in business context, information is all that is used to create business intelligence that shapes strategy; as well as to test the results of strategy execution. Business intelligence allows businesses to interpret their past to better plan their future for running a high-performance organization.
Business intelligence brings some pretty fundamentally strong business benefits if implemented correctly and catalyze innovation: Business Intelligence is the process of transforming data into information and transforming that information into knowledge/insight/ foresight to understand the business operations from a historical, current and future perspective Business management can leverage effective dashboard or scoreboards, to guide business actions in a stepwise way. It’s important to have a single version of the truth. From an innovation management perspective, identify how information is associated with the valued tangibles of businesses; products, and resources; how it triggers novel ideas. Looking deeply into the future based on predictive analytics can have a profound effect on developing business innovation competency.
Business intelligence is a decision making system: Business Intelligence is a system composed with tools, processes, methodologies etc, helps various stakeholders in an organization to 'connect the dots' with the goal to optimize business decisions in their own sphere of work. Allow consolidation and segregation of data; provide information on a user digestible and understandable level; allow people to ask interesting questions and expect to get answers for deepening understanding; assist in prioritizing business problems or opportunities; enable clear linking of strategy from the boardroom to the shop floor assisting in making either strategic or tactical decisions;
Problem-solving today is complex; applying the variety of business intelligence to problem solving is goal-directed and purposeful, and all intelligent activities are planned to reach well defined goals and drive business forward smoothly. Due to ever-evolving business dynamics, you have to look into an unknown future and attempt to define the landscape with its risks and opportunities, and take a broad range of perspectives on how to build a high-intelligent business.
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Problem-solving today is complex; applying the variety of business intelligence to problem solving is goal-directed and purposeful, and all intelligent activities are planned to reach well defined goals and drive business forward smoothly. Due to ever-evolving business dynamics, you have to look into an unknown future and attempt to define the landscape with its risks and opportunities, and take a broad range of perspectives on how to build a high-intelligent business.
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