3 terms you must know in corporate information factory

0
70

BECOME A PROUD LANDLORD WITH NCPL. CLICK HERE TO LEARN MORE

 


In my previous article on Corporate Information Factory, I have talked about the use of Business Operations in a customer-centric Enterprise. I established it in that article that they are applications that are responsible for the day to day running of a business. In this article therefore, I will be looking at the roles of Business Intelligence component of Corporate Information Factory. Follow me as we do this together.

 

Business Intelligence consist of data enhancement application that allows the organization to an application that allows the organization to analyses data and make business decisions. The Business intelligence component are said to be the major consumer of organizational data as many of the operational data are been processed in this domain.

 

We have some other components of business intelligence such as the data warehouse, data marts and Decision Support Interface among others. All these applications help the organization to analyze their data and take business decisions based on the result of the processed data.

 

data warehouse

When we talk of the data warehouse, it served as the storehouse for all tranactional data and every other forms of data coming from the Operational Data Store. In a nutshell, it is a place where data are stored until the time that they are being processed by data enhancement tools.

 

When we look at the data warehouse, we will observe that it contains the basic information such as contact information, product preference, product purchase history and other forms of data that are needed in order to determine the Lifetime Value of customers. It is from these that you can understand your customers better and know the appropriate product to offer him based on the information that you have about a particular customer.

Image result for image of aircrafts

Once data are extracted from the Operational Data Store , a form of cleansing take place where the information is been served and those that are not needed for business decisions are being removed before it is now being sent to the data warehouse, which serves as the preparation phase for onward transmission to the data marts.

 

data mart

The data mart, exploration warehouse and data mining warehouse are subsets or derived collections of the data found in the data warehouse, formatted for their particular function or department. You should know Data mining is meant to be for a specific department. It is possible for the various departments in an organization to have their own data segment which allows them to relate their past with the present in order to predict the future.

 

One thing you should know is that, most at times, data mining tools help us to know that pattern of interaction or behaviour in our customer base. You can look at a particular customer base generated from the customer service department to see the preferences of that particular customer. This can be used to determine what that customer is likely to request for in the future.

 

 

P.S: If you enjoy this article, please help me share it on social media, so as to reach more people with this article. Thanks so much as you are doing this for me.

Like Us on Facebook : CRM Executives Hangout
Follow us on Twitter: @cehnigeria
Pinterest: adeniyi5390

 

 

 




Related Post

     
SHARE
Previous article3 ways of applying expert judgement in project management
Next article7 types of computer device attacks

Salau Adeniyi Olayinka (CEP, MCTP,CSCU) is an accomplished Digital Marketer and E-Business Consultant . His passion is writing and sharing of knowledge and meeting people. He intends to use this blog to boost ICT and E-Business Knowledge in Nigeria and beyond.
He is currently the Digital Marketing & I.T Executive for New Creations Properties Limited , a Real Estate Firm in Ogun State, Nigeria as well as the CEO of Fourth Mouse Consulting , a Digital Marketing firm in Nigeria.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CommentLuv badge