Explain the meaning of business intelligence

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Reference no: EM133398222

Assignment:

Scenario:

Your boss is very good at golf. So good, in fact, that you are losing market share to your competitors, who are not so good at golf. However, you suspect that being good at golf does not, by default, mean that you are bad at business. So, you dig deeper to find out why your customers are switching to your competitors. You find that your company's declining fortunes have less to do its leader's golf handicap than they do with its decaying business intelligence and data analytics infrastructure. Specifically, employees are waiting months for business analysts to run reports on the results of marketing campaigns and, as a result, insights on customers are being missed and the company is losing revenue.

For discussion: Outline the business case you would pitch to your boss in support of a renewed business intelligence and data analytics infrastructure. In your outline, show how you would explain to your boss the meaning of 'business intelligence and data analytics,' the benefits they provide, the costs they entail, the returns they will produce (assuming: the cost of the upgrades will total $500,000 and gain will be $750,000) and the performance indicators they will impact. Give an overview.

Reference no: EM133398222

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