In my last article I shared why having a Business Intelligence Vision was important, and how to go about creating a vision to describe how business intelligence will improve performance in your organization. Clustering used as part of Business Intelligence Technique mines the data and identifies valuable clusters which otherwise might have been ignored. Some junior business analysts are also required to prepare documentation for customer requirements and structure of the organization.
Today, while designing marketing strategies that engage customers and increase conversion, decision makers observe, analyze and conduct in depth research on customer behavior to get to the roots instead of following conventional methods wherein they highly depend on customer response.
The following panel contains a summary of Business Intelligence in the form of a bullet list of the most significant attributes generally being assigned to this new but not-so-new technology that is going to be recognized one day as the “second great era of computing in business”.
People who run businesses should use numbers based on facts to be able to make good decisions. The implementation of a BI vision must ensure that any technology or methods employed by business intelligence projects throughout the organization fit the overall BI environment.
As medical practice business data continues to grow in both volume and complexity, the need for efficient data management becomes an even greater imperative. Intelligence officers use time honed techniques to develop and acquire sources who will provide the desired raw data which becomes analyzed and eventually turns into intelligence.