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Demonstrate your understanding and knowledge gained about session’s material.
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Part 1 (Discussion) – Answer the following question in 1 page. 1) Access the following blog. Do you agree with the blogger's comment that executives must focus on specifics ways to use BI? Give examples to support your opinion. Part 2 (Assignment): Review the videos and answer the following 2 questions in 1 page. 1) What you have learned in applying business intelligence techniques to business using Google. 2) What could your organization (Miami Dade County Public Schools) learn using this technology? • View the following media: • View the following media: ...Solution Preview:
Business intelligence (BI) is a modern technology for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.
Business Intelligence allows the decision maker to understand their business and the business environment in order to make informed decisions.
Data analysis, reporting, and query tools can help business users wade through a sea of data to synthesize valuable information from it - today these tools collectively fall into a category called "Business Intelligence."
One should know how to give necessary credit to his work, and the work done should be recognized by the heads of specific departments. Getting oneself noticed should be one of the reasons for work. Utilizing the data can throw a light on the achievements or success in projects of the executives. The executive will be impressed by the research and will surely acknowledge and praise the work.
BI makes it easier to identify trends and issues, uncover new insights, and get operations to meet business goals.
Business intelligence solutions give businesses a way to streamline and unify the data collection, analysis and reporting process. BI solutions are built on a unified database, so everyone involved in the process gets a single, real-time view of the data. Many BI solutions feature self-service dashboards and reporting tools that make it easier and less time consuming to contribute to and manage the process
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
