Topic > Business Intelligence - 1331

IntroductionThe dynamics of our society bring many challenges and opportunities to the business world. Hundreds of jobs have emerged over the last decade, particularly in the technology sector, to keep up with an ever-changing world and compete on a bigger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small and large companies and are becoming desired sectors within workplace back offices. This paper will explore what the true meaning of BI and DM is, how they are used, and what we can expect as workers and students of technology and business fields in the future. What is Business Intelligence and Data Mining? Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization's raw data. BI as a discipline is composed of several related activities, including data mining, online analytical processing, querying, and reporting. Data mining is the process of sorting through large amounts of data and extracting relevant information. It is usually used by business intelligence organizations and financial analysts, but is increasingly used in the sciences to extract information from the huge data sets generated by modern experimental and observational methods.History of Business Intelligence and Data MiningBefore the beginning of Information At the end of the 20th century, companies had to collect data from non-automated sources. Businesses back then lacked the computing resources needed to properly analyze data and, as a result, often did business on paper… what to expect from our society and consumers is critical to the business world. With business intelligence and data mining strategies and skills, companies can have that extra competitive advantage which in turn will increase profits and market share. The skills acquired by employees specialized in the BI and DM sectors will continue to be a first-rate asset for companies and, based on salary trends, will continue to have increasing compensation. Companies that implement BI and DM effectively will dominate their markets and stay ahead of the curve. References http://en.wikipedia.org/wiki/Business_intelligence http://www.podtech.net/home/search/Business+Intelligence http:// www.cox.smu.edu/certificates/businessintelligencehttp://www .indeed.com/salary?q1=computer+science%2C+data+mining&l1=http://www.spss.com/software/?source=homepage&hpzone =nav_bar