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Impact of introduction of business intelligence tools in organization - Research Paper Example

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This essay analyzes how a particular business intelligence tool or a combination of business analysis tool can benefit an organization. Business Analysis or analytics is a specific mix of business and technical knowledge and a very specialized business line in its own right…

Extract of sample
Impact of introduction of business intelligence tools in organization

This paper illustrates that ever changing newer technologies have transformed businesses all over the world and these technologies are actually determining the future viability of a said business in today’s competitive environment. An organization today is more or less global in some way or the other, therefore, the competition is not constrained to geographical boundaries. The effect of this threat is evident and companies are being more proactive in investing in software suites that would provide them with the competitive edge over their rivals. Economies in many ways are becoming more and more technology dependent these days and this means that the organizations performing business in these economies too should equip themselves with technology and use it to outperform their competitors. Many theorists have argued over the recent times that organizations should employ technology to make them more agile and flexible. To serve this purpose, many renowned business managers came up with the idea of using statistical measures to best translate the data they have. Data is only an asset if it can be transformed into some useful information by the means of which decision making could be made easier and business managers can forecast their production plans and marketing strategies. Companies therefore are moving away from conventional approaches to a paradigm where information management is a very important determinant. ...
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