Question

What do you mean by Buiness Intellgenent System and why an orginzation needs it?

Answer 1

Explanation:

Business intelligence system may be defined as an information system in combination with technology and data services used for mining patterns and other useful trends from gathered information.

Business information system is a system software which combines concepts and facts to produce summarised reports that are useful in presenting required information to the management and higher authorities like CEO, directors etc. who do not have sufficient time to analyse the complete information available with them.

Business information system is better version of management information system and executive information system.

Business information system is helpful for the organisation in various ways such as

• It helps the management to improve the information processing to obtain useful reports.
• It also enhances the analytical capabilities of management of an entity.
• It helps the organisation to make business operations more efficient and cheaper.
• Organisations are able to plan, control, measure and apply changes to the organisational environment easily and in timely manner.
• Business information system also helps entity in early detection of frauds, errors and requirement of material for operations.
• Business information system creates an corporate culture where the costs are reduced and revenue generation is increased.