Abstract@Computer - Business Intelligence PDF

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Business Intelligence...

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Abstract on Business Process Intelligence Author: Tamim Abubakar Email: [email protected] Title: Why Businesses need Business Intelligence? The underlining principle of Business Process Intelligence is to make information rightly accessible to people who need them at every particular period of time. In times past, many business owners rely on traditional media to access things like weather reports, news and events around the world, and most importantly, the changes that occur in the respective field of these businesses. With the proliferation of technological system and tools, many Businesses started employing modern system to access useful knowledge and know-how. These newly acquired knowledge helped many business owners to take highly pertinent decisions within a blink of an eye. The reason being that, information is now within the reach of the fingers. If a Business desires to set up new operation in a different country, it is very easy to obtain information without the need of even stepping a foot in that country. All these is as a result of the level of great expansion and development that the field of Business Process Intelligence has benefitted. However, the central focus is the ability to make intelligence choice out of the many information that Businesses come into contact with. In making a good choice, Business Intelligentsia are contacted or employed to ensure value for money. The latest application of computational tools in business intelligence has rapidly increase the chances of business owners in meeting the demands of consumers of their business process. The world today has made it possible for businesses to come out with cutting edge methods and applications that can drastically reduce the difficulties of doing business. It is said that information is the fulcrum upon which everything revolves around. In trying to meet the expectation of the modern way of doing business, it is only by making sure that, the old way of doing business is discarded and thrown in the bush. One way of applying business process intelligence is knowledge management. In this instance, businesses are introduced to ways and means of creating, sharing and exploring knowledge so as to ensure that the needs of clients are met satisfactorily. The essence of this business process is to first acquire the technical know-how.

Once that is done,everything will flow on top of it like the way stream and rivers are relying on the natural surrounding courses of events. Business reporting is also another model of business process intelligence. In this instance, the underlining principle is simply to make information accessible to both security forces an citizens at large. As businesses are able to tap into the needs of their clients and thereby providing these businesses with the tool they can rely on to attempt solution, the resultant effect is highly satisfied clients and customers. Another great aspect of business intelligence is analytics. Analytics is to quantify processes for a business to arrive at optimal decisions, and to perform business knowledge discovery. Analytics may variously involve data mining, process mining, statistical analysis, predictive analytics, predictive modeling, business process modeling, data lineage, complex event processing and prescriptive analytics. Each of these models has a unique way and system of given or ensuring the satisfaction of their business partners and clients. The format for measuring performance is benchmarking and performance metric. This is to inform business leaders of progress towards business goals (business process management). In sum, business process intelligence has become a strong asset in the whole cycle of business development. The lifeline of almost all the big giants of the World’s businesses are constantly at pace with new trends. The idea is that, when businesses fail to get the needed information and intelligence, the tendency of they (business) becoming extinct is very high. It is very crucial for every business to meet the current desires of their clients and softwares....