How Firms Use Business Intelligence

Business Intelligence is the skills, processes, technologies, and practices used to support decision making. This article talks about what is going to happened in the near future with business intelligence. With everyone in the world converting to a PC life there is an abundance of information floating around out there on the web. This article goes on to talk about data explosion and how this problem is going to come about here in the near future maybe as soon as 2010. This is where there is too much information out there and they figure that the abundance of information may reach a point where the amount of information out there doubles every month. This would be data explosion. In my opinion a huge problem arises at this point in time. Business Intelligence gives you the ability to forecast or predict future moves by looking at complex models. The issue with this and the data explosion is that there is so much information out there at this point. Are you actually using correct information to create your models? I feel that there is going too much information out there. This is going to make it difficult to make sure the information you are using for forecasting is legit and accurate information. The data explosion is going to make this extremely difficult as time goes on and computers find their way into every household all over the world.