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business intelligence

1. What is business intelligence? What applications and technologies does it include?
2. What is the difference between a data-driven DSS and a model-driven DSS? Give examples.
3. What is a geographic information system (GIS)? How does it use data visualization technology? How can it support decision making?
4. How can GDSS provide value for a business?

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1. What is business intelligence? What applications and technologies does it include?

Business intelligence (BI) refers to skills, knowledge, technologies, applications and practices used to help a business to acquire a better understanding of the market behavior and business context.

Analyzing tools, databases - Business Intelligence helps to monitor trends and respond more quickly to changing business conditions. It helps companies a more proactive approach. It includes technologies such as statistical analysis models like Annova, forecasting. BI is used to predict what will be demand of a certain product during seasonal fluctuation and manufacture based on these forecasting so as to minimize ...

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What is business intelligence? What applications and technologies does it include?

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