ADM 1370 Lecture Notes - Lecture 3: Records Management, Business Intelligence, Document Management System
Document Summary
Lecture 3: business intelligence and electronic record management. It time, detect trends, and identify opportunities and risks. provides value to decision makers. Factors that contribute to increased used of bi and quality. Alignment with business strategy and bi strategy (business strategy means by which an organization sets out to achieve its desired ends (objectives). Businesses generate volumes of documents, messages, and memos that, by their nature, contain unstructured content that cannot be put into a database: business records are documentation of a business event, action, decision or transaction. They include contracts, research and development, accounting, memos, meeting minutes, customer communications: business records must be retained and made available when requested by auditors, investigators, the sec, the irs, or other authorities. Records not needed for current operations or decisions, are archived (moved into longer- term storage): to be retrievable, business records must be organized and indexed.
