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Business Intelligence Assignment Business Intelligence
Business Intelligence Assignment Wells Fargo has provided their sheer financial services to their 70 million customers. Business intelligence and analytics have been a huge part of the company’s success. Business analytics have been implemented at different levels of the organization. Wells Fargo provides their services in the field of finance; it deals with different types of financial data which comes through various channels. This leads to huge volumes of data being unorganized which s located in various sources. Well Fargo has used various business analytics tools to provide solutions to different aspects. The company has implemented Data management and insights which help them compile their data into one centralized data environment by organizing it in 17 domains. The company has separate team who implements business analytics for different lines of businesses owned by Wells Fargo. The company aims to bring latest and better service into their bank. The company identified key areas of risk, fraud, collections, deposits, voice of customer, market intelligence, business performance and personalization to implement the analytics. Wells Fargo heavily invested in latest technologies and hired talented people in the field of data science, AI and machine learning. (Choudhury, 2020) There is various business analytics tools help in better reporting;
Microsoft power BI is a combination of business intelligence and reporting tools which enable in aggregating, analyzing and visualizing data at a scale. FineReport is a 100% Java reporting software which makes the process of reporting more simple and easy for the enterprise. Oribi is another tool which provides ready-made reports, customizable reports, etc. SAP is another important reporting tool for small and medium scale enterprises. Business Intelligence Assignment
Business Intelligence helps the organizations in extract crucial and important information from huge volumes of data helping the organization in making more strategic and informed decisions. The organization can base their decisions on real time reports. (Iyoob, 2012) Investment in robot technology has required lesser use of carbon footprints. Adoption of robotics has helped in automation in various business models and industries like finance, food and beverages, textiles, etc. Business Intelligence Assignment
- Read Discussion 1 and Discussion 2 from the attachments
- Conduct a critical analysis for both discussions and, in at least 150 words each
- Include citations to at least one credible information source in your replies.