What is the Business Intelligence model?
Business Intelligence concerns the computer set of processes that business owners and managers use to capture and analyze data related to their companies. The Business Intelligence model includes specific applications that help transform RAW business data into understandable and relevant information to support business decisions or selection of new business opportunities. The news model helps companies spend less time sorting through information and allows them to develop applications that are easily repeatable to future business decisions. These models usually relate to an economy or accounting mixed with some techniques of performance analysis. These factors may include current price points for different goods and services, number of competitors on the market, use the economic resources and production levels needed for interruption and sales. This economic information helps owners and managers to understand if their SPO wouldLunches were supposed to increase or reduce production to satisfy the future consumer demand for goods and services. Using computers allows companies to collect this information electronically rather than manually, which can save precious time and reduce the process of gathering and spend the time individuals by associating information together.
Accounting is a business function responsible for recording, reporting and analyzing the company's financial information. Accounting management is individuals responsible for a break of this information into the Business Intelligence model, which will provide users and managers to enterprises. Accountants usually use computer programs and applications to collect all departments of the company and place them in a statistical or accounting model. This model will process information and report it according to predetermined standards such as a financial statement or similar fromrights. If the Economic Business Model model is measured by external information for the company, the accounting model will report internal information about the company.
The use of the Business News Model Process can measure their performance. Most of all companies now include a combination of intelligence or knowledge management, as business technology increases the opportunity to collect and evaluate information from a number of sources. Performance analysis can help owners and managers to determine how well their operations generate income, both individually and as the only business unit. Permanent use of these models can also lead to potential for trend analysis, which allows owners and managers to review the information period of the previous period and compare this information with information from the current period. The upward or down trend usually affects the decision of the owners and managers of the company.