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Business Information
Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. Common functions of BI 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 organizations 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 is assumed to potentially 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 w ...
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Data Analysis
Data analysis is the process of inspecting, Data cleansing, cleansing, Data transformation, transforming, and Data modeling, 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 Statistical h ...
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Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from Sole proprietorship, sole proprietors and partnerships. Corporations are separate and unique Legal person, legal entities from their shareholde ...
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Gartner
Gartner, Inc. is an American research and advisory firm focusing on business and technology topics. Gartner provides its products and services through research reports, conferences, and consulting. Its clients include large corporations, government agencies, technology companies, and investment firms. Operations Gartner is a research and advisory firm with three business segments: research, conferences, and consulting. As of December 2024, Gartner has over 21,000 employees globally and operates in 90 countries and territories. It is headquartered in Stamford, Connecticut. Gene A. Hall is the chief executive officer. Gartner is a publicly traded company listed on the S&P 500. History 1980s Gideon Gartner and David Stein founded Gartner, Inc. in 1979 to provide IT industry research and analysis to businesses buying and selling computer hardware. Gideon Gartner had previously worked at IBM, and his new firm specialized in information about IBM and its products. Gartner's ...
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Webster's Dictionary
''Webster's Dictionary'' is any of the US English language dictionaries edited in the early 19th century by Noah Webster (1758–1843), a US lexicographer, as well as numerous related or unrelated dictionaries that have adopted the Webster's name in his honor. "''Webster's''" has since become a genericized trademark in the United States for US 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'' rat ...
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Hans Peter Luhn
Hans Peter Luhn (July 1, 1896 – August 19, 1964) was a German-American 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. He created one of the earliest practical hash functions in the 1950s. Early life and education 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. Career After the war, Luhn entered the textile field, which eventually led him to the United States, where he inv ...
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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 Siege of Namur (1692), 1692 siege and recapture by the Grand Alliance (League of Augsburg), Grand Alliance in 1695 are often viewed as the defining events of the war; the second siege is considered to be William III of England, William III's most significant military success during the war. Background Namur was divided into the 'City,' with the residential and commercial areas, and citadel of Namur, the Citadel that controlled access to the rivers Sambre and Meuse. In 1692, the Dutch military engineer Menno van Coehoorn made the Citadel one of the strongest defensive points in Flanders, but the garrison was less than 5,000, many of them poorly-trained Spanish troops with low morale. While the outer City fell relatively quickly, capturing the Citadel took the French over a month and they were nearly forced to withdraw b ...
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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 as ...
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Decision Support
A decision support system (DSS) is an 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 properly termed DSS ...
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Data Mart
A data mart is a structure/access pattern specific to ''data warehouse'' environments. The data mart is a subset of the data warehouse that focuses on a specific business line, department, subject area, 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 ownership 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. While transa ...
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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 Business intelligence, reporting and data analysis and is a core component of business intelligence. Data warehouses are central Repository (version control), repositories of data integrated from disparate sources. They store current and historical data organized in a way that is optimized for data analysis, generation of reports, and developing insights across the integrated data. They are intended to be used by analysts and managers to help make organizational decisions. The data stored in the warehouse is uploaded from 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 data warehouse for reporting. The two main workflows for building a data warehouse system are extract, transform, load (ETL) and extract, load, ...
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Market Segmentation
In marketing, market segmentation or customer segmentation is the process of dividing a consumer or business market into meaningful sub-groups of current or potential customers (or consumers) known as ''segments''. Its purpose is to identify profitable and growing segments that a company can target with distinct marketing strategies. 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) seller ...
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Goal
A goal or objective 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 abil ...
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