Business Intelligance Coursework Example | Topics and Well Written Essays - 1500 words

Business Intelligance - Coursework Example Business intelligence handles a large number of data that is unstructured in the help of developing, identifying, and creating new opportunities. The creation of new opportunity and the implementation of a new strategy provides a long term stability and a competitive market advantage for the business. business intelligence technologies provide current, predictive and the historical views of business. The common functions of these technologies are online analytical processing, reporting, analytics, process mining, data mining, benchmarking, complex event processing, prescriptive analytics, text mining, business performance management, and predictive analytics. Web mining will include the mining and the extraction of the data and also its integration.web mining process will in some way help in the solving the problem of strategic price setting. Use of metal crawlers is more advisable as it provides comfort to the users and provides a lot of information even though its not structured. In solving the problem, the use of web agent and an extended database will be employed as this will provide a high level of organization data which will be structured. The web agent model will involve the development of a sophisticated system that will perform autonomously and help in the discovery of information. The following diagram will represent the model to be used in agent data mining to solve the problem. The set up model will help the firm to ensure oit gets proper and structured information that will solve the business problem. The information reports and the analytical data will be used to help in the determining of the solution. The model has all the information involved in the market of the product. This process will involve the collection, analysis, and measurement for the purpose of understanding and optimization of the web usage. In solving the problem of price setting, the web