BI APPLICATIONS

DONE BY
Jinson.K.J
18BCO821
Analytics Intelligence develops solutions that can help you
harness and structure the value of your data to find insight.
Data mining has applications in multiple fields, like science and
research. As an application of data mining, businesses can learn
more about their customers and develop more effective
strategies related to various business functions and in turn
leverage resources in a more optimal and insightful manner.
OLAP, Online Analytical Processing tools enable to
analyze multidimensional data interactively from
multiple perspectives.
The process in which the design and analysis of workflow of a
give business is reframed in order to deliver better customer
service and reduce operations costs called Business Process
Reengineering (BRP).
Benchmarking is the process of comparing your own organization,
its operations or processes against other organizations in your
industry or in the broader marketplace. Benchmarking can be
applied against any product, process, function or approach in
business.
A data warehouse is a large collection of business data
used to help an organization make decisions. ... The data
warehouse stores this processed data so it's ready for
decision makers to access.
Reporting
A crucial business application of BI is reporting. As we’ve covered,
business intelligence tools collect and study unstructured sets of data
in addition to organizing and using them to generate a range of
different types of reports. These can include staffing, expenses, sales,
customer services, and other processes.