In today's lecture we looked at "enhancing business intelligence" whereby we looked at how businesses deal with specific types of data and how it can be analysed. For example "big data" is generally unstructured due to the sheer volume of how much information/data there is. As a result, it is generally not trusted.
Also, in our seminar class we carried out an exercise in excel named "family budget". We worked outgoings and income leftover and processed the cells in a specific way to obtain the "scenario summary". This is important and practical as businesses can use this to perhaps budget or to see how much their outgoings/income leftover would be after changing some values.
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