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Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Expert Solution
Providing business information in a quick and efficient
in most cases, organizations need a faster decision making, and for such right decision to be attained, there must be proper information access. This information which is mostly found in numbers form feed only in columns, need interpretation of what it means to the organization. Business intelligence software is applied here to provide such required information by only clicking a button.
protection of businesses from threats
business intelligence offers solutions that are analytically equipped with security tools. The business threats commonly found online which includes; malware attacks and breach of data, highly necessitates the application of BI in the workplace. The business employs Business intelligence software featured with security and designed to offer protection against hackers and attacks by malicious users.
Identification of areas for cutting costs
The business intelligence software helps the organizations to discover areas where they can save money for example in inventory. Taking an example that we have an excess inventory, it latter equals to extra costs in maintenance and acquisition. By having knowledge on the areas to cut costs allows the business take a necessary action which increases the savings.
Data warehousing
BI allows the us to store large volumes of data at lower costs through the use of websites and emails’
Empowering employees through access of data
With the BI solutions, the employees are able to make decisions that are informed and data driven through the access of relevant and updated data. This empowers the organization’s workforce growth and thereby maximizing organizations information in different levels.
Creating performance indicators in line with the business strategies
Resources of money and time are wasted when ta company tends to divide focus in doing tasks that are out of the objectives.to coup with such, we come up with performance indicators aligned with business strategies through establishment of metrics brought by business intelligence tools. These metrics helps improves focus and increases performance which really counts to profitability.
Saving time in data entry and report making
Errors are more obvious to occur while trying to manually input data, even after taking a longer time of work. Application of BI systems that are well configured facilitates elimination of time that is spent on entering data as well as decreasing the time of calculation performance. The BI tools in addition, will enable creation of reports and visualization of data in that you can be able to see all the information one requires in a specific place. Such action to a business leads to profitability in decision making.
Achieving social media intelligence
The use of business intelligence software brings insights on consumer behavior and help identifying avenues where the organizations can actively connect with the public to increase market share. also, by leveraging social media, the organization is able to connect the potential customers that are still existing.
Increasing employee productivity
The BI tools allow monitoring of tasks, output and controlling the overall performance of the organization’s workforce. This enables one identify areas of streamlining processes and operations.
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