Overview of the course, Business Intelligence, IS and IT

Business intelligence (BI) refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes.

BI is a highly paid job and relates to drawing useful information from your business, customers, competitors and markets.

Data->Information->Knowledge

Creating emotional bonds is the secret of doing business well!

An organized combination of:

1. People
2. Hardware
3. Software
4. Communications/networking
5. Data resources
6. Policies and procedures

that stores, retrieves, transforms and disseminates information in an organization is an IS

Effectiveness is the essential part of IS; secondly work for efficiency.

Effectiveness

–       Support business strategies

–       Enable business processes

–       Enhance organizational structure and culture

–       Increase the customer and business value

.

 

IS are a never ending cycle, while both IS and IT systems cannot be considered stable. 

Interesting Tech News Report: 

Google Translate: truly the new version of Google translate is not a only miracle of server technology, but also a live translator that can voice translate from and in English, German, Italian, French and Spanish. It can translate long sentences, which if have a basic grammar structure, with minimum errors. With a smart-phone an earpiece and some typing skills one can probably communicate decent enough in any of those languages. (Of course, if one has some understanding and skills on the pronunciation since Google Translate still can't pronounce words accurately)