Hudson's Blog

       Business Intelligence Business intelligence is technology designed to help make a business run smoother, and business intelligence varies from Microsoft Excel, to predictive analytics software designed specifically for a single industry. Data analysis is a very useful part business technology, and allows businesses to view their products that are selling more, and seeing what products they could introduce to help fulfill the customer's needs. Sensitivity analysis allows a business to look at projected results if simply one thing changes, and what-if analysis allows a business to see what happens if they add something to their business.      Decision-Making Decisions can either be structured or unstructured, with structured decisions being used for common problems, while unstructured decision making being used for complex and rare problems.  Decision support framework can be very helpful for people involved in the decision-making process, an...

Data and Knowledge Management 3.1 Importance of High-Quality Data IT applications need data that is complete, consistent, and concise. Managing data is difficult due to its quick growth, scattered locations, and multiple sources, which can lead to outdated or corrupted data. Data Governance Data governance is a formal approach to ensure data quality, security, and compliance across an business or organization. 3.2 Benefits of Databases Databases solve many data storage problems by reducing redundancy, overcoming isolation, and ensuring consistency. They also provide high security, maintain data integrity, and allow independent data management. 3.3 Database Management Systems (DBMS) A DBMS adds, deletes, accesses, modifies, and analyzes data. It organizes data into tables, uses SQL for queries, describes structure with data dictionaries, and reduces redundancy through normalization. Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, K. (2014). Management Information Systems, 1st Austr...