Business Intelligence is Changing the Decision-Making Game at UVU
Thanks to technological advancements, the business world keeps evolving at an unprecedented pace. These unprecedented advancements have given birth to new and exciting business decision-making approaches. Business intelligence, also known as BI, is one approach that has been revolutionizing data analysis, resulting in better strategic decision making at Utah Valley University (UVU). This article will explore how BI is changing the game for decision-makers at UVU.
The Data Analytics Overview: Understanding Business Intelligence
As the term suggests, BI refers to tools, technologies, practices, applications, and methodologies used in collecting, integrating, analyzing, and presenting business data. BI processes assist organizations by analyzing a vast amount of raw data to get meaningful insights. Businesses can then use these insights to make informed decisions vital to achieving their objectives.
At UVU, BI allows the university administration to access real-time data that offers a detailed overview of daily activities, which can be beneficial in decision-making. This method has improved the accuracy, speed, and quality of decisions being made on campus.
The Benefits of BI at UVU
With data analytics, UVU has benefitted from a recent shift in approach. Rather than depending on manual data analysis, the university’s BI department uses automated tools and techniques to collect and analyze data. Through automated tools, BI makes it easier to identify and analyze patterns and trends that were previously not possible.
Prior to the introduction of BI, decision-makers would have to wait for weeks before data could be analyzed, interpreted, and presented. BI now offers faster data analysis – empowering decision-makers to make better-informed decisions. By gaining access to accurate insights, UVU decision-makers can optimize resources, focus on data-driven solutions, and improve overall efficiency in operations.
Data-Driven Solutions at UVU
To achieve more data-driven solutions at UVU, cross-functional teams are created to work together on decision-making processes. The teams consist of members from various departments, each contributing specialized knowledge leading to informed decision-making. BI provides a platform for the cross-functional teams to converge and analyze data together, making it easier to identify any discrepancies.
BI has also improved the way UVU’s administration integrates academic programs, which directly impacts student success. By analyzing data, UVU’s administration can now identify at-risk students, allowing advisors to intervene early, and create learning plans to help students succeed.
Conclusion
The integration of BI has brought significant change to how UVU decision-makers arrive at and implement solutions. The university has seen an improvement in data quality, faster analysis of data, better-informed decision-making, optimization of resources, and better student success. With this in mind, it is safe to say that Business Intelligence has revolutionized decision-making at UVU.
