In recent years, increased access to personal and business data has provided rich deposits of decision analytics there for companies to mine if they understand their value and know how to access them. Ignoring such a valuable resource is naïve and potentially hazardous to business owners and stakeholders.
Collecting, collating, processing and analyzing massive and complex data repositories will often be referred to as business intelligence. These data mining applications and processes are part of strategic intelligence that, in its totality, drives and informs corporate business decisions and strategies and can play a significant role in risk management.
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