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Introduction
This assignment is based on business intelligence. Business intelligence is set of tools
and techniques designed for enhancing and improving operations in an organization.
There are various technologies, system, tools and techniques available in the market
used by various organizations. This assignment is related to the same which can help
the Abbey court hotel in implementing these methods to enhance and improve their
operations.
This assignment has been divided into 4 sections. In the very first section, the
processes of business and mechanisms are elaborated which are used to support
decision-making. In the second section, Information about the tools and techniques
which are used in business intelligence are explained in detail. In the third section, The
demonstration of business intelligence tools and techniques has been done in order to
understand it more efficiently. In the fourth section, Market research on the use of tools
and techniques of business intelligence has been done along with the information on
how an organization can use the BI tools in enhancing the operations.
LO2 Compare the tools and technologies associated with business intelligence
functionalities.
P2 Compare the types of support available for business decision-making at
various levels within an organization.
Business decision-making means identifying and analyzing the strategies that can help
in understanding and implementing the strategies to support the growth of the business.
One of the most effective and used tool in a business organization is Enterprise
Resource Planning. This tool has many benefits and can help in making decisions for
business. There are many options available in this tool like it can manage the human
resource management system, asset management system, document management
system, inventory management system and document management system. Basically,
this is a tool which can help in collecting, storing and managing various information of
an organization.
Tools that are required to run a business are planning tools, record tools, employee
management tool, process tool, decision making tool, control tool etc.
As discussed above, there are three types of business process primary process,
support process and management process (q3edge. 2018).
Figure 1: Image to understand the basic structure of decision support system at various levels.
The Strategic level focuses on the terms and factors that will help in understanding and
achieving the very basic objectives in a business, that is how to increase the profit. It is
that process where management and financial analysis is done.
Strategic level system helps senior managers understand, observe and analyze the
financial or the strategic problems within an organization.
In an operational level, the decisions are taken on the basis of operations performed in
an organization. In a hotel, operations includes looking after the staff, the members,
looking on how to support the primary process.
In the Tactical level, the decisions or the support are provided on the management
level. That is how to manage the business, fulfilling the needs and the requirement of
the business to achieve certain goals.
Running a business is not easy. It is a risk which is supposed to be taken after proper
observation, analysis, study, understanding the small things etc.
M2 Justify with specific examples, the key features of business intelligence
functionalities.
Business intelligence has many features that can help in growth of the business.
Figure 2: An image telling about the details of the platform in which a business can be run.
Data warehouse - Data warehouse is one of the important features which will
help in analysing the data from one place. It is also known as “Software as a
service” as using this can supercharge the business needs.
Figure 8: An image giving the detail about the data warehouse in business intelligence.
What if’ analysis – What if analysis means understanding the critical things for
a business and design a solution where if something unpredictable happen.
Figure 14: Image telling about the different processes of data visualization.
These were the key features of business Intelligence that can be implemented in hotel
business to achieve specific goals(Selecthub. 2018).
Basically, there are 6 types of information system technologies that can be used in
support of operational, tactical and strategic levels in an organisation.
Figure 19: Image showing the importance and different phases of Management Information System.
Figure 20: Flow of the MIS
Decision Support System – This can also be said as knowledge based system
which can help in collecting knowledge about the various steps that can be taken
for the growth of the business and then implementing those ideas and
knowledge. This decision is taken on senior manager levels. This system
supports the structured and the semi structured decisions, are concerned about
the future, have analytical capacity and capacity of modeling. Examples of DSS
are Logistics systems, Group Decision support system, Financial Planning
system, Computer supported Co-operative work.
These were the steps that were taken to understand and implement the information
system technologies in various levels of business in an organization.
Figure 24: Image giving the detail description on TPS, MIS, EIS, DSS and the levels on which they are used or
implemented. This image has elaborated the details in a brief and better manner.
Conclusion
The result of completing this assignment is gaining the knowledge of business process
and the support system used, knowledge about Business Intelligence along with the
tools and techniques used, detail information has helped to gain a lot of knowledge. To
implement the practical task of the assignment given. These tools and technologies are
being used in market by various companies to enhance their operations. Use of these
tools and techniques are recommended as these helps a lot in implementing the
decisions in effective way.
References