How business intelligence is used in social media?
How business intelligence is used in social media? By gathering data from social media and analyzing it with business intelligence, companies can get an understanding of consumers, such as whether or not they have bought their products and services. This provides deeper insights, such as volume of sales for a particular product in a key market.
What exactly is meant by social media intelligence? Social media intelligence (SMI or SOCMINT) refers to the collective tools and solutions that allow organizations to analyze conversations, respond to social signals and synthesize social data points into meaningful trends and analysis, based on the user’s needs.
What is social media in business analytics? Social media analytics is the ability to gather and find meaning in data gathered from social channels to support business decisions — and measure the performance of actions based on those decisions through social media.
What are the three types of business intelligence? Categories of BI analysis
There are three major types of BI analysis, which cover many different needs and uses. These are predictive analytics, descriptive analytics, and prescriptive analytics.
