Hi can any one answers these questions? Examine Business Intelligence value crea

Question

Hi

can any one answers these questions?

Examine Business Intelligence value creation within SMEs; in particular how BI can be utilised as a vehicle in supporting SMEs maintaining competitive advantage at global level 1.

2. Identify the relevant global dimensions of economic, cultural, legal and demographics associated with BI in the context of SMEs

3. Ensure that you provide the required analysis on how BI can offer organisations, specifically SMEs, the opportunity to compete globally

4. As part of your discussions, verify how BI can contribute towards supporting decision making process as well as its contributions towards SMEs strategy

Explanation / Answer

ANS:-

1)

The Small and Medium Enterprises plays a very significant role in every country’s economy, which is why managers of these entity are passionate and committed to implement business analytics within the value chain of the enterprise. The value created by business analytics helps the entity to have clear visibility, transparency within its end to end process which in turn reduces the time consumed by the process improvement team and highlights future prospects for business creations. Therefore it makes the SME’s to undertaken fruitful business decision by utilizing the data rather than capturing it.

Globally business analytics acts as a catalyst in supporting SME’s achieve competitive advantage by channeling the flow of information and knowledge within the complete supply chain of the enterprise, transforming raw data into meaningful asset, reduces the cost of business operations / analysis, effective in making decisions which would help improve the efficiency and growth prospects as well as having the agility to undergo rapid change in the uncertain business environment. It helps shows the blue print on customer’s behavior on how they are responding to a particular product which why multinational organizations are collaborating with promising SME’s in order to overcome unpredictability with analytics in other words, analytics keeps SME’s updated in today’s rapid pace of business operations.

Further, managers can gain valuable business insights from the data gathered by the IT division which in helps identity the trends / patterns which were deep buried in the past, through this globally present business analyst can map the upcoming business markets and potential customers by using tools like cluster analysis, logistics regression, financial modelling functions manipulate the data as per the requirement / business needs and eventually showcase its analytics technique. Thus it would help the small and medium enterprises achieve its profits and growth in sales revenue.

AS PER CHEGG GUIDLINES I HAVE ANSWERED PART 1 . PLEASE REPOST REMAINING :)

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