- Premium Academic Help From Professionals
- +1 323 471 4575
- academicperfect@gmail.com
Redefining Business Intelligence And From Reporting to Actionable Insights
Redefining Business Intelligence And From Reporting to Actionable Insights
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Redefining Business Intelligence And From Reporting to Actionable Insights
Business intelligence (BI) has evolved from a static reporting system to a dynamic platform that provides actionable insights to drive business growth. Today, BI tools leverage data analytics, artificial intelligence (AI), and machine learning (ML) to deliver insights in real-time, enabling organizations to make informed decisions quickly. In this article, we will explore how BI is being redefined from reporting to actionable insights, and how organizations can leverage these insights to transform their business processes.
The Traditional Reporting Model
Traditionally, BI tools were primarily used to generate static reports that provided information on past performance. These reports were often generated on a periodic basis and used to provide management with an overview of the organization’s key performance indicators (KPIs) such as revenue, expenses, and profitability. While this model provided valuable insights, it was limited in its ability to deliver real-time insights and drive strategic decision-making.
The Shift to Real-Time Analytics
The advent of real-time analytics has transformed the BI landscape, enabling organizations to gain insights into their operations in real-time. This shift has been driven by the emergence of cloud-based BI platforms that provide real-time data analytics and reporting capabilities. These platforms leverage AI and ML algorithms to deliver real-time insights, enabling organizations to make informed decisions quickly.
Real-time analytics can help organizations identify emerging trends, respond quickly to market changes, and optimize their business processes. For example, a retailer can use real-time analytics to track inventory levels and identify trends in consumer purchasing behavior, enabling them to optimize their inventory management and marketing strategies.
Actionable Insights: From Reporting to Decision-Making
The traditional reporting model provided organizations with valuable insights into past performance. However, it was limited in its ability to provide actionable insights that could drive strategic decision-making. Today, BI platforms are leveraging AI and ML algorithms to provide organizations with actionable insights that can be used to drive business growth.
Actionable insights are insights that can be used to make informed decisions quickly. For example, a retailer can use actionable insights to identify emerging trends in consumer behavior and adjust their marketing and inventory management strategies accordingly. This enables them to stay ahead of the competition and optimize their operations for maximum profitability.
AI and ML algorithms are used to identify patterns and trends in data that may not be visible to the human eye. This enables BI platforms to deliver insights that can drive strategic decision-making and transform business processes. For example, an e-commerce platform can use AI and ML algorithms to analyze customer data and provide personalized recommendations to customers, improving their shopping experience and increasing customer loyalty.
The Role of Data Visualization
Data visualization is a critical component of the BI landscape, enabling organizations to gain insights into their operations in real-time. Data visualization tools enable organizations to present complex data in a visual format that is easy to understand and analyze. This enables management to gain insights into their operations quickly and make informed decisions.
Data visualization tools can be used to create dashboards that provide real-time insights into an organization’s key performance indicators. These dashboards can be customized to meet the specific needs of the organization, enabling management to gain insights into their operations quickly and easily.
The Future of Business Intelligence
The future of business intelligence is being shaped by emerging technologies such as AI, ML, and blockchain. These technologies are enabling BI platforms to deliver real-time insights that can drive strategic decision-making and transform business processes.
One of the key trends in the BI landscape is the emergence of augmented analytics. Augmented analytics leverages AI and ML algorithms to automate the process of data discovery, data preparation, and data modeling. This enables organizations to gain insights into their operations quickly and easily, without the need for specialized data science skills.
Another key trend in the BI landscape is the convergence of BI and data science. This convergence is enabling organizations to leverage data science techniques such as predictive analytics and machine learning to gain
Redefining Business Intelligence And From Reporting to Actionable Insights
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THE PROFESSIONAL ESSAY CUSTOMIZED FOR YOUY NOW – CLICK NOW!
CLICK ON THE LINK HERE: https://phdwriters.us/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!!
