Business Intelligence Solutions

Case Study Responses
Name
Institution
Course
Instructor
Date
Case Study Responses
Question One
Business Intelligence (BI) itself offers solutions for businesses; it generally describes approaches leading to the gathering, processing, storing, evaluating, and presenting of organizational information or data. BI solutions collectively give management relevant information required in their decision-making and planning processes. Despite BI being regarded today in practice, theory, and research, in the mid-20th century, many referred to this under different names like Executive Information Systems, Decision Support Systems, etc. Businesses can access BI solutions in various categories like data collection, data integration, data storage, data processing, and data presentation. Specifically, data collection incorporates operational systems that offer the needed data for any BI system. Businesses can use data integration to transfer, process, and condense the required data through an ETL process that allows persistent processed data storage. Data Marts and Data warehouses are the main components that ensure data storage. Regarding data analysis or processing, every tool or concept mainly related to data analysis and evaluation is assigned here. Finally, the data presentation solution facilitates the presentation of results analyzed for the consumer or user. In summary, companies receive significant support when using BI systems to ensure intelligent and transparent business data. Workers can make rational decisions and attain the desired outcomes quickly. Also, with these systems, companies might easily ensure that supplier and customer connections become profitable, reduce risks, and raise value. However, when BI systems and their integration in business lack considerable data available, they are highly likely to cause confusion and even difficulties for businesses (Azeroual & Theel, 2018).
Question Two
Business Intelligence (BI) is a critical element that nearly every business venture can gain from using. However, executing this significant concept in any business operation must observe three specific BI requirements. First and foremost, the business involved should express the readiness to reason unconventionally. BI generates totally emergent insights. They should be openly permitted to consider aspects that may be regarded as irrational or extraneous at first glimpse. The second requirement for a start-up company to implement BI is attaining management attention. Specifically, from the two-way perspectives or options to select, it is vital to acknowledge that BI initiatives must only consider one or the remaining unchosen option to succeed. However, such a situation implies that the management must as well admit such. It is increasingly administrable for BI missions when they receive relevant support from accountable management. This essentially upsurges the acceptance and preparedness to engage in such practices. The third requirement is being willing to make the items in question. BI provides the chance to dare things that have existed for a long in businesses. It is practical to assess modified structures, develop new information arrangements and basically observe changes on suspicion. When the basic ...