Question

2.1 Please explain what is data? What is information? What is the business Intelligence, give examples to further explain these concepts, and how the people can use BI to support their work?

Answer 1

what is Data? Data is collection of facts about object of interest. Eg: - Data about an employee would include information like names address, age etc. software Applications need to store data as it is required to answer a Question.se Data is raw, just a set of facts which by itself does not convey anything. We need to understand patterns between factual data & give it meaning. This is Called information which helps us with answers to questions like who, when, what, where etc. Synthesis of data & information lead us to answer the how question & take business decisions. This is referred to as knowledge knowledge Synthesizing & decision making - Information processing data - Data: Collecting & organising

BI(Business Intelligence) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions. It is a suite of software and services to transform data into actionable intelligence and knowledge. BI has a direct impact on organization's strategic, tactical and operational business decisions. BI supports fact-based decision making using historical data rather than assumptions and gut feeling. BI tools perform data analysis and create reports, summaries, dashboards, maps, graphs, and charts to provide users with detailed intelligence about the nature of the business.