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2. BCG consultants solving business problems with OpenAI’s GPT-4 ...

   www.aol.com/finance/bcg-consultants-solving...

   In the BCG study, participants using OpenAI’s GPT-4 for solving business problems actually performed 23% worse than those doing the task without GPT-4. Read more here . Other news below.

3. Business process re-engineering - Wikipedia

   en.wikipedia.org/wiki/Business_process_re...

   Business Process Re-engineering (BPR/BPRE) in a succinct way. Business process re-engineering (BPR) is a business management strategy originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization.

4. Business analysis - Wikipedia

   en.wikipedia.org/wiki/Business_Analysis

   Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.

5. Business process management - Wikipedia

   en.wikipedia.org/wiki/Business_process_management

   The Workflow Management Coalition, [6] BPM.com [7] and several other sources [8] use the following definition: Business process management (BPM) is a discipline involving any combination of modeling, automation, execution, control, measurement and optimization of business activity flows, in support of enterprise goals, spanning systems, employees, customers and partners within and beyond the ...

6. Business intelligence - Wikipedia

   en.wikipedia.org/wiki/Business_intelligence

   Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. [1] Common functions of BI technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text ...

7. Business process automation - Wikipedia

   en.wikipedia.org/wiki/Business_process_automation

   BPA tool sets vary in capability, but there is a trend towards the use of artificial intelligence technologies that can understand natural language and unstructured data sets, interact with human beings, and adapt to new types of problems without human-guided training. [2] [self-published source]

8. DMAIC - Wikipedia

   en.wikipedia.org/wiki/DMAIC

   The purpose of this step is to identify, test and implement a solution to the problem, either in part or as a whole depending on the situation. Identify creative solutions to eliminate the key root causes in order to fix and prevent process problems. One can use brainstorming or techniques like six thinking hats and random word.

9. Operations research - Wikipedia

   en.wikipedia.org/wiki/Operations_research

   Operations research (OR) encompasses the development and the use of a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency, such as simulation, mathematical optimization, queueing theory and other stochastic-process models, Markov decision processes, econometric methods, data ...