The following Figure: Illustration of business intelligence original objective as a focus area and the resulting actual implementations Distinguish business intelligence from business analytics regarding the focus of the eightanalytical steps. [500 Words add References] Question 1:The following Figure: Illustration of business intelligence original objective as afocus area and the resulting actual implementations.What's the best that can happen?OptimisationAPredictivemodellingWhat if these trends continue?StatisticalanalysisQuery drilldownWhere exactly is the problem?How many, how often, where?StandardreportsWhat happened?Degree of intelligenceDistinguish business intelligence from business analytics regarding focus of the eightanalytical steps.Competitive advantageAd hocreportsWhy is this happening?AlertsWhat will happen next?ForecastsWhat actions are needed?

Business intelligence is referred to the procedure of the technical infrastructure that helps in…

The following Figure: Illustration of business intelligence original objective as a focus area and the resulting actual implementations Distinguish business intelligence from business analytics regarding the focus of the eight

The following Figure: Illustration of business intelligence original objective as a focus area and the resulting actual implementations Distinguish business intelligence from business analytics regarding the focus of the eight

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

The following Figure: Illustration of business intelligence original objective as a focus area and the resulting actual implementations

Distinguish business intelligence from business analytics regarding the focus of the eight

analytical steps. [500 Words add References]

Question 1:
The following Figure: Illustration of business intelligence original objective as a
focus area and the resulting actual implementations.
What's the best that can happen?
Optimisation
A
Predictive
modelling
What if these trends continue?
Statistical
analysis
Query drill
down
Where exactly is the problem?
How many, how often, where?
Standard
reports
What happened?
Degree of intelligence
Distinguish business intelligence from business analytics regarding focus of the eight
analytical steps.
Competitive advantage
Ad hoc
reports
Why is this happening?
Alerts
What will happen next?
Forecasts
What actions are needed?

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