Data mining and OLAP are the most common Business Intelligence technologies. The term Business Intelligence refers to computer based methods to identify and extract useful information from business data. Online Analytical Processing commonly known as OLAP provides summary data and generates rich calculations. OLAP is a class of systems that provide answers to multidimensional queries. OLAP is typically used in business reporting for sales‚ marketing and various such domains. OLAP enables the users
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BUSINESS CASES FOR ERP IMPLEMENTATIONS NORA AL-TWAIRESH‚ ABDULLAH S. AL-MUDIMIGH Department of Computer Sciences‚ College of Computer & Information Sciences King Saud University‚ Riyadh Department of Information Systems‚ College of Computer and Information Sciences King Saud University‚ Riyadh E-mail: twairesh@ksu.edu.sa mudimigh@ksu.edu.sa ABSTRACT The rising expenses of information systems and their growing importance to organizations have made the justification of projects increasingly critical
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Business intelligence (BI) processes monitor and analyze business transaction processes to ensure that they are optimized to meet the business goals of the organization. These goals may be operational goals that affect daily business operations‚ tactical goals that involve short-term programs such as marketing campaigns‚ or strategic goals that entail long-term objectives like increasing revenues and reducing costs. This is a kind of predictive analytics which helps to give idea about most critical
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Discuss the relationship between business and society? (30 marks) A business is also known as an enterprise or firm. It is an organization designed to provide goods and services or both to consumers. Businesses are predominant in capitalist economy. A society may be defined as a community or a large group of people having common or different traditions‚ cultures and values. The environment of society is a key concept of understanding business and society relationships. The social
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Business Intelligence Definitions • Data mining (knowledge discovery in databases): – Extraction of interesting (non-trivial‚ implicit‚ previously unknown and potentially useful) information or patterns from data in large databases • Data mining helps end users extract useful business information from large databases • Data mining is the exploration and analysis of large quantities of data in order to discover meaningful patterns and rules. • The goal of data mining may be to allow a corporation
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Assignment 1 ERP Characteristics of ERP Solution :- Modular structure Scalable architecture Seamless integration of modules RDBMS independent Independence of hardware platform Interface capabilities PC download/upload facility Advantages of ERP (Enterprise Resource Planning) System: 1. Complete visibility into all the important processes across various departments of an organization (especially for senior management personnel). 2. Automatic and coherent work-flow from one
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DISSERTATION of the University of St.Gallen‚ Graduate School of Business Administration‚ Economics‚ Law and Social Sciences (HSG) to obtain the title of Doctor of Business Administration submitted by Florian Fuhl from Germany Approved on the application of Prof. Dr. Li Choy Chong and Prof. Dr. Narendra Agrawal Dissertation No. 3211 Druckerei Lauterberg‚ Ketzin‚ 2006 The University of St.Gallen‚ Graduate School of Business Administration‚ Economics‚ Law and Social Sciences (HSG) hereby
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be defied as a social and economic system where capital assets are mainly owned by private individuals‚ where labor is purchased for money wages‚ capital gains accrue to private owners‚ and the price mechanism is utilized to allocate capital goods between uses. Capitalism is characterized by private ownership of factors of production and the government of the nation does not interfere in the economic activities of the country. It can also be referred to as ‘Free Market Economy’. CHARACTERISTICS
Free Capitalism Property Market economy
Business analytics and data mining provided 1-800-Flowers with all of the following benefits except: Select one: a. more efficient marketing campaigns b. increased mailings and response rates c. increased repeat sales d. better customer experience and retention On the commercial side‚ the most common use of data mining has been in ________ sectors. Select one: a. manufacturing and heath care b. online retail and government c. R&D and scientific d. finance‚ retail‚ and health
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environment‚ and employment. Banks and other financial institutions are more important creditors than securities markets. This model has been labeled the stakeholder capitalism model (SCM) (Moffett‚ pg. 32). The SCM model weighs more in the favor of the long-term investor than those investors that are transient. The SCM model assumes that total risk‚ that is‚ operating and financial risk‚ does count. It is a specific-corporate objective to generate growing earnings and dividends over the long run
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