ISYS111 Lecture Notes - Lecture 2: Sensitivity Analysis, Data Mining, Business Intelligence
26 Jul 2018
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Document Summary
An organisation achieves its goals through the use of resources. The resources are people, money, material and information (inputs) A decision is a choice among two or more alternatives made by individuals and groups, diverse in nature, made continuously, systematic process. Collectively they are called business intelligence (bi) Broad category of apps, technologies, and processes for gathering, storing, accessing, and analysing data to help business users make decisions. Searching for valuable information in large databases. It predicts trends and behaviour and identifies and identifies previously unknown patterns. Helps to explain why it is happening and will predict. Provides easy access to information and direct access to management reports. Geographical information systems (gis), capturing, integrating, manipulating and displaying data using maps. Integrating gis and gps to extract information from the usage patterns of mobile phones and other wireless devices. Monitoring and managing an organisations performance according to key.
