Week 3 Assignment - Case Study Review the opening vignette in Chapter 3 and answer the following questions: 1. Why is it important for IRS and for U.S. state governments to use data warehousing and...

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Week 3 Assignment - Case Study

Review the opening vignette in Chapter 3 and answer the following questions:

1. Why is it important for IRS and for U.S. state governments to use data warehousing and business intelligence (BI) tools in managing state revenues?

2. What were the challenges the state of Maryland was facing with regard to tax fraud?

3. What was the solution they adopted? Do you agree with their approach? Why?

4. What were the results that they obtained? Did the investment in BI and data warehousing pay off?

5. What other problems and challenges do you think federal and state governments are having that can benefit from BI and data warehousing.

6. What is a data warehouse, and what are its benefits? Why is Web accessibility important with a data warehouse?





Instructions

1. No minimum number of word requirements.

2. Responses must pertain to the topic and demonstrate a mastery level of understanding of the subject matter.

3. Excellent understanding of how references relate to the topic, and the ability to express individual judgments about their value.

4. Submissions must make use of in-text citations and reference citations using APA where appropriate.

5. Submissions contain minimal grammatical, spelling, and mechanical errors.


Answered Same DaySep 14, 2022

Answer To: Week 3 Assignment - Case Study Review the opening vignette in Chapter 3 and answer the following...

Aditi answered on Sep 15 2022
75 Votes
REPORT
1. Why is it important for IRS and for U.S. state governments to use data warehousing and business intelligence (BI) tools in
managing state revenues?
In case you hadn't heard, the Internal Revenue Service (IRS) oversees enforcing the federal tax rules that Congress passes. It also assists taxpayers, enforces tax laws, and processes tax returns. In order to effectively manage state revenues, the Internal Revenue Service (IRS) and state governments in the United States need to make use of data warehousing & Business Intelligence (BI) technologies. Considering this, we see that estimating state income is difficult since they come from so many different places. Given the complexity of the many income sources, it might be hard to grasp and analyze data in depth, which can have a negative impact on efficiency. To facilitate the timely, exact, and productive management of state funds. State governments and the Internal Revenue Service in the United States use Business Intelligence (BI) software. They can now analyze, comprehend, and oversee state revenue management more effectively.
2. What were the challenges the state of Maryland was facing with regard to tax fraud?
The state, much like other jurisdictions, was struggling with tax fraud spurred on by fake returns, as well as the process of discovering...
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