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04-LECTURE NOTES 4 - FOUNDATION OF BUSINESS INTELLIGENT

04-LECTURE NOTES 4 - FOUNDATION OF BUSINESS INTELLIGENT -...

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MANAGEMENT INFORMATION SYSTEMS (MIS) MANAGEMENT INFORMATION SYSTEMS (MIS) LECTURE NOTES  4 LECTURE NOTES  4 SPRING 2010 SPRING 2010 FOUNDATIONS OF BUSINESS INTELLIGENT FOUNDATIONS OF BUSINESS INTELLIGENT (DATABASES AND INFORMATION MANAGEMENT) (DATABASES AND INFORMATION MANAGEMENT)
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FOUNDATIONS OF BUSINESS INTELLIGENCE FOUNDATIONS OF BUSINESS INTELLIGENCE This lecture focuses on Data Management and how Businesses use Database Technology to achieve their objectives. When Businesses use Database Management Systems (DBMS) to organize their data, data get analyzed and the resulting information can be used to: Develop New businesses, Achieve Operational Excellence, Improve Management Decision Making, Help the firm fulfil its Regulatory Reporting requirements. Databases are the backbone or foundation of the business today and that most businesses would fail should their Databases cease to exist.
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FOUNDATIONS OF BUSINESS INTELLIGENCE FOUNDATIONS OF BUSINESS INTELLIGENCE Database Knowledge is essential for several professions If your career is in Information Technology : You will play a key role in providing Data Management Tools and expertise to the firm. You will be expected to Design Databases, implement and maintain Database Technology, and help promote Data Administration Policies and Procedures. If your career is in Finance and Accounting: You will be using Databases to deal with Financial transactions such as Payments, Invoices, or Credit history. Or you will be working solidly with a massive Databases housing data about Security Stock prices , Investment Portfolios and Economic statistics.
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FOUNDATIONS OF BUSINESS INTELLIGENCE FOUNDATIONS OF BUSINESS INTELLIGENCE If your career is in Sales and Marketing: You will be using Databases for tracking Customer orders, Analyzing Customer data for targeted Marketing campaigns, or identify profitable customers and products. If your career is in Manufacturing Production, or Operations Management : You will be working with large Databases with data on raw materials, Finished goods in inventory , Suppliers, Product components. Product quality and goods in transit that can be used for Supply Chain Management. If your Career is in Human Resources: You will be working with Databases maintaining data on Employees, Benefit plans, Compensation plans, Training programs, and Compliance with Governmental regulations on health, safety, and equal employment opportunity.
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FOUNDATIONS OF BUSINESS INTELLIGENCE FOUNDATIONS OF BUSINESS INTELLIGENCE USING DATABASES TO IMPROVE BUSINESS PERFORMANCE AND DECISION MAKING Businesses use Databases to : Keep track of basic transactions, such as Paying Suppliers, Processing Orders, Keeping track of Customers, and Paying Employees etc ….. .
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