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Business Intelligence for competitive advantage

In the beginning, businesses used information technology for automating the processes primarily to reduce labor costs. Subsequently, information technology is used for delivering information with speed and accuracy.

Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.

Businesses reached a critical juncture in global competition and the business intelligence capabilities and analytic prowess will play critical roles in the most competitive sectors of global economy.

First of all, business intelligence analysis requires the capturing of information and storing in a single location for effective data analysis. Currently, data analysis is supported by transactional systems, business specific data marts, and......

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Approximate Word Count: 341
Approximate Pages: 2 (250 words per double-spaced page)

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