Business Intelligence

Business Intelligence

Business Intelligence (BI) utilizes software and services in order to transform data into useful knowledge, which in turn can provide organizations with strategic and tactical business decisions. There are several business intelligence tools which are accessible for gathering and analysis of data. There are also several tools for analytic data presentations, dashboards, graphs, charts and maps, reports, and summaries. These tools are meant to provide detailed intelligence about the state of the market, and business i general. BI technologies can handle large amounts unstructured data which in turn becomes structured information in order to help identify, develop and also create new strategic business opportunities. Business Analysis is the practice of increasing organizational value, by defining needs and recommending solutions. A business analyst is an agent of change, where business analysis is a disciplined approach for introducing and managing change. (reference)

SWOT analysis

SWOT analysis also known as SWOT matrix is a strategic planning technique that can be used to identify strengths, weaknesses, opportunities, and threats. This is also where it has its name from. SWOT is especially useful when analyzing business strategies, and conducting processes of project planning. It’s main purpose is to assist an analyst to specify objectives of the business venture. It is also useful to identify internal and external factors that can increase or decrease the success rate of an organizational setting. The practice is usually conducted by reflection and resonating upon information for each of the categories. The purpose is to identify key aspects to gain a competitive advantage in order to increase collaboration, and gain new business partners and strategies. (reference)

Block Chain Technology – Cryptographic Currency

Cryptocurrency uses cryptographical functions to conduct financial transactions. The technology is an internet-based medium of exchange based on blockchain, to gain decentralization, transparency, and immutability in the global market. In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The currency is held by a digital wallets, which  can be stored on several types of medium. (reference)