Technology

Business Intelligence and Data Analysis Business intelligence (BI) is a collection of processes, technologies, and practices for the collection, integration, analysis, and presentation of business information. BI helps businesses to make better decisions by providing them with insights into their historical and current performance. Data analysis is the process of examining, cleaning, transforming, and modeling … Read more

Decision making is one of the most important skills that a manager can have. It is the process of selecting the best course of action from a set of alternatives. Effective decision making is essential for managers because it allows them to: Managers make decisions at all levels of the organization, from strategic decisions about … Read more

Business Intelligence (BI) Business intelligence (BI) is a set of strategies and technologies for analyzing business information and transforming it into actionable insights that inform strategic and tactical business decisions. BI tools and applications help businesses collect, store, analyze, and visualize data from a variety of sources, including internal systems, customer interactions, and market trends. … Read more

Knowledge Management Knowledge management (KM) is the process of creating, sharing, using, and managing the knowledge and expertise of an organization to achieve its goals. It is a disciplined approach to identifying, capturing, organizing, sharing, and applying knowledge within an organization. KM is important because it can help organizations to: KM is particularly important in … Read more

Data warehouse and Data marts Data warehouses and data marts are both important data storage and management systems that help businesses to make better decisions. However, there are some key differences between the two. Data Warehouse A data warehouse is a central repository of data that has been integrated from multiple sources. The data is … Read more

What is Big Data Big data is a term used to describe large and complex datasets that cannot be easily processed using traditional data processing tools. Big data is characterized by its volume, velocity, and variety. Structured data is data that is organized in a predefined format, such as rows and columns in a database. … Read more

Database Approach The database approach is a method of designing and implementing databases that emphasizes the use of specific characteristics to ensure that the data is accurate, consistent, and easily accessible. These characteristics include: The database approach is implemented using a DBMS. A DBMS is a software system that provides the functionality needed to create, … Read more

Data and Knowledge Management Data and knowledge management (DKM) is the process of collecting, storing, organizing, and sharing data and knowledge within an organization. It is a critical function for businesses of all sizes, as it can help them to improve decision-making, increase efficiency, and develop new products and services. Data is raw information that … Read more

Organizational Strategy Organizational strategy is a long-term plan that outlines how an organization will achieve its goals and objectives. It is based on an understanding of the organization’s strengths and weaknesses, as well as the opportunities and threats it faces in the external environment. An effective organizational strategy should be: Competitive Advantages A competitive advantage … Read more

Importance of Information Systems to Society Information systems are an essential part of modern society. They are used in every industry and sector, from businesses to government to healthcare to education. Information systems play a vital role in helping us to communicate, collaborate, and share information. What is an information system An information system is … Read more