ADM 1370 Lecture Notes - Lecture 3: Records Management, Business Intelligence, Document Management System
6 Apr 2016
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Document Summary
Lecture 3: business intelligence & electronic record management. Business intelligence: tools & techniques that process data & conduct statistical analysis for insight & discovery. Used to discover meaningful relationships in the data, keep informed of real time, detect trends, & identify opportunities & risks. Used across industries in enterprises of all sizes. Used in operational management, business processes, & decision making. Unites data, technology, analytics & human knowledge to optimize decision; provides value to decision makers. Data = driving force behind any successful business. Operational, planning, control & all other mgmt. functions rely largely on processed information & not raw data. Provides moment of value to decision maker. Unites data, technology, analytics, & human knowledge to optimize business decisions & ultimately drive an enterprise"s su(cid:272)(cid:272)ess. Transforms data into usable, actionable business information. Factors that contribute to increased used of bi & quality . Identifies and prioritizes key performance indicators (kpis) Transform based on strategic results & changes.
