Answer below discussion post

Imagine that you are a Business Intelligence (BI) engineer. The vice president and IT director at your firm have asked you to be a member of the Business Intelligence Initiatives Program to investigate the opportunities for making all the company data “real-time data” for processing to reduce the cost and increase Return-on-Investment (ROI). “Real-time data” is the type of data that is generated and processed immediately instead of being stored to be processed later.

Select an organization in any industry (financial, education, healthcare, retail, manufacturing, insurance, etc.) and state to which industry your organization belongs.

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You will discuss the following:

  1. Explain why processing real-time data would be beneficial to the company. Would it always be beneficial?
  2. Can all company data be processed in real time? Explain. What might not be compatible for real-time data, and why?
  3. What types of data should be processed in real time, and why?
  4. Can you justify your point of view in terms of return on investment (ROI)? Based on your point of view from items 3 and 4 above, clearly state your position on ROI.

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