TAILIEUCHUNG - Lecture Business intelligence - Chapter 1: Business intelligence and its impacts

Chapter 1 - Business intelligence and its impacts. This chapter presents the following content: Examples of business intelligence (BI); data, information, and knowledge; what is BI, factors that drive BI; BI and related technologies; BI in contemporary organizations. | Chapter 1: Business Intelligence and its Impacts Outline Examples of Business Intelligence (BI) Data, Information, and Knowledge What is BI Factors that drive BI BI and Related Technologies BI in contemporary organizations Improvement in Operational Performance Improvement in Customer Service Identification of New Opportunities in Contemporary Organizations Business Intelligence – A Highly Important Field Benefits Management effectively aided Intellectual capital better deployed Business operations improved Customer service enhanced New opportunities identified Data, Information, Knowledge Data May or may not be correct Ex. Sales order at a restaurant included a large burger, medium fries and milkshake Information Subset of data Data possessing context, relevance, and purpose Ex. The numbers indicating the daily sales (in dollars, quantity, etc.) of burgers, fries, vanilla milkshakes Knowledge Justified beliefs about relationships among concepts Ex. The relationship between the .

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