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Raw Data Analysis Paper

Decent Essays

Organizations collect data. This raw data must be analyzed to tease out useful information. The software used to analyze raw data is known as Business Intelligence (BI). BI is comprised of theories and processes such as data mining, online analytical processing, querying and reporting. BI improves decision making, cuts costs and identifies new business opportunities (Mulcahy, 2007). The web data extraction company, Connotate, uses BI systems, specifically dashboards, to focus on more profitable business, saving them time and money while also boosting customer satisfaction rates (6 Real Life., 2013). Traditionally most BI functions were handled in the IT department. IT departments took a long time to generate reports and get them to …show more content…

Achieving business and IT alignment is a difficult task. To accomplish this, IT strategy should closely support business goals. According to Schiller (2015), the misalignment of business and IT strategy results from issues in one of these 5 areas of IT alignment; Strategy-Driven, Operational, Calendar, Economic or Cultural alignment. Breaking down the IT alignment process into these 5 parts can make business and IT strategy alignment easier to accomplish. Priority should be given to business and IT alignment in the overall strategic plan of a …show more content…

• Strategy evaluation: strategy is reviewed, measured and revised if needed. Strategic planning is essential to building a solid foundation for a business. Businesses have a valuable tool at their disposal to use during every step of the strategic planning process; Decision Support Systems (DSS). DSS falls under the umbrella of BI. It can be said that DSS makes good strategic planning possible. This is illustrated by how a company can use DSS throughout all the levels and stages of strategic planning. At the three levels of strategic planning, DSS helps in the Corporate strategy level by providing essential information to accurately define the current market allowing the manager to plan how to exploit these markets. For Business strategy, DSS can help find efficient ways to deliver and facilitate the planned tactics. At the Functional strategy level, DSS really shines by providing the real-time analytics needed to make day-to-day course corrections to keep a business stay moving in the right

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