BISM1201 Lecture Notes - Lecture 10: Breakcore, Data Mining, Transaction Processing
1 Aug 2018
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Document Summary
Business intelligence: businesses collect massive amounts of data. Storage capacity is becoming almost unlimited, so businesses collect more data at little extra cost: the data can show patterns and changing patterns. These patterns are not always easily recognised. Can help forecast changes or with areas such as customer relationship management: business intelligence systems. An information system that provide information for improving decision making. Vary in the way they help foster the competitive advantage of a business. Types of business intelligence: operational reporting very structures. Issue of simple, preformatted (ex. statements: ad hoc reporting more flexibility for the end-user, olap (online analytical processing. Very heavily used, very supporting of management: data mining, data visualizations, dash-boards (consolidated listings for indicators) of critical success executive staff. Mission critical, extremely busy, doing online, transaction processing. A reporting application uses a reporting tool to collect data from multiple sources into a form that is information for the users.
