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Explain how DSS, “big data”, OLAP, data mining, and predictive analytics are used in business. When answering, be sure to cite your research sources.

User Bitdiot
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Answer:

Predictive analysis and data mining are a subset of business intelligence, which also incorporates Online Analytical Processing (OLAP), data warehousing, and database management systems. These and many other business tools enables organizations and companies to make knowledgeable business decisions based on analysis from data. Organizations have had to deal with new challenges, allowing them to analyze and understand information beyond common human knowledge. Using business intelligence, these tools transform data from transactional systems and unstructured information for direct exploitation or for analysis.

User Soilworker
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