a. What is the difference between business intelligence (BI) and competitive intelligence (CI).

b.Explain about data mining, big data and artificial intelligence and their relationship (by providing an example).

c. Explain the advantages and disadvantages of block chain in accounting.

d. Mention some examples that Block chain can be implemented in other business environment

Answer rating: 100% (QA)

a Difference between Business Intelligence BI and Competitive Intelligence CI Scope and Purpose Business Intelligence BI primarily focuses on gathering and analyzing internal data to help organizations make informed decisions optimize operations and monitor performance It is more about understanding your own business In contrast Competitive Intelligence CI is about gathering and analyzing external information to gain insights into competitors market trends and industry developments Its about understanding the broader business environment Data Sources BI relies on internal data sources such as transaction records sales data and customer information CI on the other hand relies on a wide range of external sources including market reports competitor websites industry news and sometimes even social media Time Horizon BI typically deals with historical and current data helping with past and present decisionmaking CI however is forwardlooking and focuses on anticipating future market changes and competitor actions Users BI is typically used by internal teams within an organization ... View the full answer