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Business Intelligence
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics. BI tools can handle large amounts of structured and sometimes unstructured data to help identify, develop, and otherwise create new strategic business opportunities. They aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability, and help them take strategic decisions. Business intelligence can be used by enterprises to support a wide range of business dec ...
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Data Analysis
Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering ...
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Business
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated ...
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Gartner
Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its clients include large corporations, government agencies, technology companies, and investment firms. In 2018, the company reported that its client base consisted of over 12,000 organizations in over 100 countries. As of 2022, Gartner has over 15,000 employees located in over 100 offices worldwide. It is a member of the S&P 500. History Gideon Gartner founded Gartner, Inc in 1979. Originally private, the company launched publicly as Gartner Group in 1986 before Saatchi & Saatchi acquired it in 1988. In 1990, Gartner Group was acquired by some of its executives, including Gartner himself, with funding from Bain Capital and Dun & Bradstreet. The company went public again in 1993. In 2000, the name was simplified from ''Gartner Group'' to ...
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Webster's Dictionary
''Webster's Dictionary'' is any of the English language dictionaries edited in the early 19th century by American lexicographer Noah Webster (1758–1843), as well as numerous related or unrelated dictionaries that have adopted the Webster's name in honor. "''Webster's''" has since become a genericized trademark in the United States for English dictionaries, and is widely used in dictionary titles. Merriam-Webster is the corporate heir to Noah Webster's original works, which are in the public domain. Noah Webster's ''American Dictionary of the English Language'' Noah Webster (1758–1843), the author of the readers and spelling books which dominated the American market at the time, spent decades of research in compiling his dictionaries. His first dictionary, ''A Compendious Dictionary of the English Language'', appeared in 1806. In it, he popularized features which would become a hallmark of American English spelling (''center'' rather than ''centre'', ''honor'' rather ...
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Hans Peter Luhn
Hans Peter Luhn (July 1, 1896 – August 19, 1964) was a German researcher in the field of computer science and Library & Information Science for IBM, and creator of the Luhn algorithm, KWIC (Key Words In Context) indexing, and Selective dissemination of information ("SDI"). His inventions have found applications in diverse areas like computer science, the textile industry, linguistics, and information science. He was awarded over 80 patents. Life Luhn was born in Barmen, Germany (now part of Wuppertal) on July 1, 1896. After he completed secondary school, Luhn moved to Switzerland to learn the printing trade so he could join the family business. His career in printing was halted by his service as a communications officer in the German Army during World War I. After the war, Luhn entered the textile field, which eventually led him to the United States, where he invented a thread-counting gauge (the Lunometer) still on the market. From the late twenties to the early forties ...
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Siege Of Namur (1695)
The 1695 Siege of Namur or Second Siege of Namur took place during the Nine Years' War between 2 July and 4 September 1695. Its capture by the French in the 1692 and recapture by the Grand Alliance in 1695 are often viewed as the defining events of the war; the second siege is considered to be William III's most significant military success during the war. Background After 1693, Louis XIV assumed a largely defensive posture in Flanders. French victories at Steinkirk and Landen and the capture of Namur, Mons, Huy and Charleroi failed to force the Dutch Republic out of the war. The cost had exhausted the French economy with crop failures in 1693 and 1694 causing widespread famine in France and Northern Italy. The Dutch Republic remained intact and the Alliance held together under William through four years of war. Their losses were damaging but not critical; in 1694, they had recaptured towns like Huy and Diksmuide, and by 1695 held a numerical advantage for the fi ...
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Sir Henry Furnese, 1st Baronet
Sir Henry Furnese, 1st Baronet (30 May 1658 – 30 November 1712), of Waldershare, Kent, and Dover Street, Westminster, was an English merchant and Whig politician who sat in the English and British House of Commons between 1698 and 1712. Furnese was the son of Henry Furnese, of Sandwich, Kent and his wife Anne Gosfright, daughter of Andrew Gosfright of Sandwich.Cokayne, George Edward (1906) Complete Baronetage'. Volume V. Exeter: W. Pollard & Co. . p. 1 He was an apprentice of the Drapers’ Company in 1672, and pursued a career in the City of London as a merchant trader. He was knighted at The Hague on 21 October 1691. He was master of the Drapers' Company from 1694 to 1695. He was one of the original directors of the Bank of England when the bank was founded in 1694. He served as a member of the Director's Court of the bank from 1694 to 1697, 1699 to 1700 and 1700 to 1702. He was also a director of the New East India Company from 1698 to 1703. Furnese was elected a ...
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Decision Support
A decision support system (DSS) is an Information systems, information system that supports business or organizational decision-making activities. DSSs serve the management, operations and planning levels of an organization (usually mid and higher management) and help people make decisions about problems that may be rapidly changing and not easily specified in advance—i.e. unstructured and semi-structured decision problems. Decision support systems can be either fully computerized or human-powered, or a combination of both. While academics have perceived DSS as a tool to support decision making processes, DSS users see DSS as a tool to facilitate organizational processes. Some authors have extended the definition of DSS to include any system that might support decision making and some DSS include a decision-making software component; Sprague (1980)Sprague, R;(1980).A Framework for the Development of Decision Support Systems" MIS Quarterly. Vol. 4, No. 4, pp.1-25. defines a pro ...
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Data Mart
A data mart is a structure/access pattern specific to ''data warehouse'' environments, used to retrieve client-facing data. The data mart is a subset of the data warehouse and is usually oriented to a specific business line or team. Whereas data warehouses have an enterprise-wide depth, the information in data marts pertains to a single department. In some deployments, each department or business unit is considered the ''owner'' of its data mart including all the ''hardware'', ''software'' and ''data''. This enables each department to isolate the use, manipulation and development of their data. In other deployments where conformed dimensions are used, this business unit owner will not hold true for shared dimensions like customer, product, etc. Warehouses and data marts are built because the information in the database is not organized in a way that makes it readily accessible. This organization requires queries that are too complicated, difficult to access or resource intensive. ...
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Data Warehouse
In computing, a data warehouse (DW or DWH), also known as an enterprise data warehouse (EDW), is a system used for reporting and data analysis and is considered a core component of business intelligence. DWs are central repositories of integrated data from one or more disparate sources. They store current and historical data in one single place that are used for creating analytical reports for workers throughout the enterprise. The data stored in the warehouse is uploaded from the operational systems (such as marketing or sales). The data may pass through an operational data store and may require data cleansing for additional operations to ensure data quality before it is used in the DW for reporting. Extract, transform, load (ETL) and extract, load, transform (ELT) are the two main approaches used to build a data warehouse system. ETL-based data warehousing The typical extract, transform, load (ETL)-based data warehouse uses staging, data integration, and access laye ...
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Market Segmentation
In marketing, market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers (known as ''segments'') based on some type of shared characteristics. In dividing or segmenting markets, researchers typically look for common characteristics such as shared needs, common interests, similar lifestyles, or even similar demographic profiles. The overall aim of segmentation is to identify ''high yield segments'' – that is, those segments that are likely to be the most profitable or that have growth potential – so that these can be selected for special attention (i.e. become target markets). Many different ways to segment a market have been identified. Business-to-business (B2B) sellers might segment the market into different types of businesses or countries, while business-to-consumer (B2C) sellers might segment the market into demographic segments, such as lifestyle, behav ...
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Goal
A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines. A goal is roughly similar to a purpose or aim, the anticipated result which guides reaction, or an end, which is an object, either a physical object or an abstract object, that has intrinsic value. Goal setting Goal-setting theory was formulated based on empirical research and has been called one of the most important theories in organizational psychology. Edwin A. Locke and Gary P. Latham, the fathers of goal-setting theory, provided a comprehensive review of the core findings of the theory in 2002. In summary, Locke and Latham found that specific, difficult goals lead to higher performance than either easy goals or instructions to "do your best", as long as feedback about progress is provided, the person is committed to the goal, and the person has the ability and knowled ...
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