Business Intelligence Term Paper:
Business intelligence is a synonym to business analysis and business analytics. This term is generally associated with the software, which is created to help the manager with the analysis of the information about his company and its relations. In fact there are several explanations to this term. Business intelligence is the complex of methods and instruments which are required for the construction of the informative reports about the current situation. In this case the aim of business analytics is to supply the right person with the right information in the right time. This information can be essential for the process of decision making. Then, business intelligence is the set of instruments which are used for the transformation, storage, analysis, modelling and delivery of the information during the process of the work on the tasks, which are connected with the decision making on the basis of the factual data.
As a result business intelligence is the complicated and broad structure which is closely connected with business analytics, tools for integration and ETL, analytical databases and tools of Data Mining. Business intelligence helps to analyze vast amounts of data paying attention of the user only to the core factors of effectiveness modelling different situations and demonstrating the probable results of the particular decisions and solutions. Business intelligence is an important complex of methods which helps to organize the business processes wisely due to the profound analysis of the existing data valuable for the business.
Business intelligence is an interesting topic for the research, because one should improve his knowledge on the methods and techniques of the right analysis of the business processes. A well-organized business intelligence term paper is expected to present enough trustworthy facts about the problem and explain the most important elements of business intelligence and evaluate its role for the proper development of business. A student is supposed to use the best methods for the research in order to demonstrate his ability to analyse things professionally. The conclusion of the paper should contain the purpose and the result of the research and the relevance of business intelligence in the modern time.
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