Business Intelligence – The 5 Stage Process to Maximize Business Profits

Every business works with the aim of earning profits and this can be achieved by taking the right business decisions. Business leaders take innumerable decisions that influence the work in various ways. However, the ultimate goal is to make the decisions effective enough in order to carve the path of profit for the organizations. Hence, successful implementation of plans is the foremost need of every business and Business Intelligence proves helpful in this context. Let’s get an insight to Business Intelligence and its components:

Business Intelligence:

Business Intelligence plays a primary role while implementing strategies and the right planning procedures. BI technology assists its users in gathering, storing, accessing, and analyzing the data. The set of applications covered under Business Intelligence allows the companies in effective implementation of Decision Support System, applying Online Analytical Processing (OLAP) concepts, Statistical Analysis, Forecasting, and Data Mining.

Business Intelligence serves in sending the information to the right decision makers at the right time. BI is preferred by lot of users, as it leads them in reaching the facts based on conclusion or more commonly known as ‘single version of the truth’. This gives the best end product and leads an organization to convert the raw data into useful information; thus, bringing profits.

Characteristics of a Business Intelligence Solution:

  • It is a single point of access to information
  • It gives well-timed answers to business questions
  • It allows effective implementation of BI tools, applications, and systems in all departments of an organization

Stages of a Business Intelligence Process:

Business Intelligence process gathers raw data and converts it into useful information; and further transforms it into knowledge that must be used with intelligence. The BI process is based on five major stages mentioned below:

Data Sourcing: This stage works on gathering the data from different sources including, E-Mail messages, images, formatted tables, reports, sounds and other relevant sources. The major role of Data Sourcing is to gather the data in digital form; therefore, the sources for collecting data are computer files, digital cameras, scanners etc.

Data Analysis: The next stage is to arrange the data collected from Data Sourcing and estimating the data depending upon the current and future trends. Also known as Data Mining, this stage also predicts the information that will be needed in future.

Situation Awareness: This stage of the Business Intelligence process helps in filtering the relevant data and using it in relevance to the business environment. The users compile the data by keenly observing the market forces or Govt. policies, so that it becomes easier to take decisions. Combinations of different Algorithms are used to aptly identify the Situation Awareness.

Risk Assessment: Taking risks is part of every business; but, if one can take precautions, it turns extremely helpful. Risk Assessment stage helps in identifying the current and future risks, including cost benefits; choosing the best options; and comparison between two decisions to identify which one will turn beneficial. It summarizes the best choice amongst varied options.

Decision Support: This last stage in BI process aids in utilizing the information with intelligence. The aim of this stage is to warn the users about various crucial events like poor performance by staff, takeovers, changing trends in market, sales fluctuations and much more. It aids in taking better business decisions for improvising staff morale and customer satisfaction.

Significance of Business Intelligence:

Business Intelligence plays a significant role in the working of organizations and helps them to continue with progression. Following is the significance of Business Intelligence:

  • BI helps in studying the changing demands; therefore, a company can have accurate and updated information about customer preferences
  • It aids the Managers to remain informed about competitors’ behavior and their actions
  • It assists the analysts in knowing the adjustments that need to be done for maximizing profits
  • It helps organizations to make future plans based upon relevant data organized to give better results.

Business Intelligence Users:

  • IT Users: These users make use of BI tools for development purposes, including Data Integration, Data Modeling, Report Generation, Presentation, and Final Delivery. IT users also use it for supporting the individuals in the organization and provide reports to the outside customers.
  • Power Users: These types of users include ‘Professional Analysts’ who have been using the BI tools. These users study the pre-defined reports and provide support in taking the right decisions, but they are not obligated to take decisions.
  • Business Users: They review the analysis report presented by the Power Users. These users can apply their own queries on the data, and create reports based on those queries.
  • Casual Users: These users have the privilege of making changes in report information and may enter the data that can help to perform further high-level research.
  • Extra-Enterprise Users: These users are usually not a part of an organization and are external sources that help the companies in taking more tactical decisions. These may include External Partners, Customers, Business Analysts, Suppliers etc.

Hence, Business Intelligence solutions assist the organizations to take effective decisions and get a deeper insight of business data in order to meet the specified goals. By using all the tools, applications, and systems, organizations can speed up the delivery of product by achieving the targets.

Join MLM: Five Tips to Ensure Phenomenal Success Once You Join MLM

Before you join MLM, you must first understand that you to learn how you are going to attract people. At any given moment, if you do a search for join MLM company, you are going to find an overwhelming amount of information which is why you have the ability to generate leads first If not, it is pretty obvious what the outcome will be.Here are the five tips that you should continue to use that will bring you great results.
Create your own personal blog if you have not already done so (Just do a search for WordPress to begin creating your blog.)
Make sure that you take action everyday possible…I am living proof that if you follow that simple piece of advice, you will get results and so can you.
Create short articles/short videos. (Create an account with EzineArticles if you have not already done so and commit to writing an article or two everyday. You will be amazed at how much traffic you can generate in about 90 days if you take action with those two tasks right there. Make sure you direct people to your blog so they know how to contact you. Continue to post on your blog daily. You will be amazed by the results if you remember to provide value to other people. As one of my mentors said, learn it, apply it and teach it.
Make sure that you continue to invest in your education. In this business, it is all about what you know and then implementing that knowledge into your own business, using a system that attracts people to you. The mentors in your life are extremely important because they are the ones who can guide you step by step, showing you what works. Knowing how to attract others eliminates having to hunt down people to join your business. Using a a system taught by mentors will allow you to attract others who are already a prospect before they end up on your landing page. (Make sure you are not using a replicated company site. Create your own unique page.)
Commit to a positive mindset. Do not let others bring you down or try to tell you that you will never make any money because you can if you commit to doing whatever it takes and maintaining a positive attitude along the way. Sure, you will have challenges, as I sometimes do. But keep in mind that everything has a solution and can be remedied. Trust your mentors and implement what your mentors tell you to do and you will overcome any obstacle and will allow you to create MLM success.**The reason that I highlighted the education tip is that because education is where your success all begins. It is the education and the mentors who can lead you to the kind of success you are seeking. I can tell you that it took me a while to finally figure that out which cost me delayed success, but now that I have the education and the mentors to guide me, things are changing and changing for the good. I say this to simply make a point here. Like I said, when you have someone guiding you along the way, showing you exactly what to do, it will make a huge difference in your business. So before you start MLM today, make sure you also start your education at the same time.

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There is plenty of room for more successful MLM entrepreneurs and the honest truth is that you have the exact same opportunity as anyone else. However, there is a very big distinction when it comes to those who are successful from those who fall way short. Listen closely as I will help pave the way so that you have the inside edge when it comes to becoming a top income earner with any MLM company.

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The goal once you first join network marketing should be to learning the art of attracting people to you. Broken down, you need to provide value to others who are looking for same answers you are likely looking for. If you can solve others problems, you have the potential to be very successful.You have to remember that there are many individuals who will know far less than you do upon the completion of you reading this information here today. What you now do with this information is obviously up to you. I hope that you take this information and use it to your advantage because the tips I have provided within is exactly why I am finally (and I say finally…) getting results. It can bring you the same success if you just follow those tips. If you want to learn more, I invite you to contact me directly and I will help you get started so that you can create your own success story. You can do this!

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!