Homework answers / question archive / Student-1 Business intelligence can provide assistance to organizations in the decision making process by montiring information on the current and previous performance of the organization, as well as providing expected future trends and demands and possible customer behaviour

Student-1 Business intelligence can provide assistance to organizations in the decision making process by montiring information on the current and previous performance of the organization, as well as providing expected future trends and demands and possible customer behaviour

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Student-1

Business intelligence can provide assistance to organizations in the decision making process by montiring information on the current and previous performance of the organization, as well as providing expected future trends and demands and possible customer behaviour. It supplies the organization with an analytical view about specific information that would be relavant to them and can be used to improve the organizations decision making.

 

As for how a company uses dashboard and analytics to provide business value to the customers. Let's take amazon for example, Amazon uses these business intellegince tools to improve inventory control and optimize shipping routes using analytics. Let's emphasis more on shipping routes, using analytics and dashboard. Amazon can ensure that the customers will get their shipments as fast as possible without any delays. Lastly dashboards are used by amazon to predict customer behaviour and thus allows them to make better suggestions for the customers creating more business value to its customers.

 

Student-2

BI is the process of collecting and converting the raw data gathered about something and turn this data into meaningful information.

BI can assist the organization to improve decision making processes by providing crucial information to the decision makers to make well informed decision, for example it can helps marketing teams to decide on the best time to broadcast advertisements or can enable executives to make business decision that effect the organization by increasing productivity , it also can help in visualizing and measuring the performance of the organization by using specific metrics relevant to the said organization and present it to the higher ups in way comprehensible and understandable to them.

In business intelligence, dashboard is an interface that helps to visualize and analysis data and put it in the screen to shows status and metrics that indicate the performance of the organization.

Dashboard can help in companies like noon to increase customer's business value by  improving user experience for them by displaying information about the customers in the dashboard and use this information as a feedback for continues improvement.

Dashboards that incorporate real-time customer's analysis and that can be used to better predict customer purchasing behavior and use that to suggest products that suits the customer's needs.

Dashboard can also be used to gather data about conversations between customers and customer services or helping center and use this data to improve the customer experience.

Dashboard can be used by e-shops owners to discover the most wanted items by their customers and try to present new models of this item to increase options for the customer which will add to business value.

 

Student-3

From my point of view, the use of intelligence in business today is very important and has many benefits due to the availability of huge amounts of data and algorithms that are difficult for a person to work efficiently with. The use of intelligence leads to increased efficiency and productivity.

Companies can use intelligence to work in several areas, including: First, the noticeable increase in productivity and helps in facilitating access to the required data and also helps in solving simple problems.

Intelligence in some areas makes decisions that help: More accurate sales decisions, more effective and targeted product marketing plan, smarter business decisions, more productive stock decisions, more detailed financial decisions.

 

Student-4

Business intelligence is built to analyze data and delivering information that will help workers and managers make advised business decisions. The data is presented in the business entity's data on the survey done from their everyday purchases. Moreover, this boosts purchase growth by providing necessities, and references for the customer needs through predictive analytics. Managers will also be able to identify the need to restock products based on the same intelligence.

Effectiveness of Business Intelligence on Dashboards Analytics

               Business intelligence promotes data presentation by helping one visualize product details like E-bay dashboard on items with offers to appeal to customers' needs by making adjustments described to a product by showing more information. Also, searching for a product is an effective way of how Business Intelligence is used to exclude unrelated searches to deliver preferences on commonly bought items. Filtering an investigation is going into detail on what the business intelligence program would be of use to identify the specifications on the filter to deliver an accurate result.

The business intelligence program also ensures to show related product searches on earlier searched items. However, this is to provide a reminder of their past interest and is meant for satisfying customer request searches on products they did not find and may still be looking to purchase. Furthermore, the business intelligence program identifies patterns in structured data being analyzed to give predictions. Therefore, it reduces the tasks required to make offers on periods that may need attention, like events in certain months. These changes may reflect on the dashboard to target a specific audience to attract product purchases by providing items like school products and other event-related products.

Product reviews help the customers get convinced of a product valuation done by a previous buyer. As a result, it is displayed by the business intelligence program on the dashboard as an insight of the product evaluation; therefore, it presents the customer with a product assurance before purchase.

Conclusion

            Inconclusion, the paper has addressed how business intelligence is efficient to both consumers and business companies. Therefore, business intelligence should be recommended because it adds value to business entities.

 

 

Student-5

Business intelligence aids in the extraction of critical facts from large amounts of unstructured data and their transformation into usable data that helps businesses to make more informed strategic decisions, resulting in increased operational efficiency and productivity.

Businesses can benefit from business intelligence in the following ways:

increased productivity

easy access to critical information

substantial return on investment

making well-informed decisions

translating it into practical and strategic decision-making so that they can attain their objectives:

more informed sales decisions

A more effective sales marketing plan

more informed business decision

More informed inventory decisions

more informed financial decisions