Concept Of Business Intelligence

Essentially business intelligence systems are data driven decision support systems dss.

Concept of business intelligence. Business intelligence bi refers to the procedural and technical infrastructure that collects stores and analyzes the data produced by a company s activities. The availability of powerful business software has led to more technology companies. The concept of business intelligence bi is brought up by gartner group since 1996. Modules are organized around the business intelligence concepts tools and applications and the use of data warehouse for business reporting and online analytical processing for creating visualizations and dashboards and for business performance management and descriptive analytics.

The emphasis now is on access to information and democratic development of intelligence. The purpose of business intelligence is to support better business decision making. It is defined as the application of a set of methodologies and technologies such as j2ee dotnet web services xml data warehouse olap data mining representation technologies. Bi business intelligence is a set of processes architectures and technologies that convert raw data into meaningful information that drives profitable business actions it is a suite of software and services to transform data into actionable intelligence and knowledge.

Bi technologies provide historical current and predictive views of business operations common functions of business intelligence technologies include reporting online analytical processing analytics data mining process mining complex event processing. Research based on the concept of business intelligence can track new product development employment policies and communication plans on social networks. Business intelligence and business analytics. Bi encompasses a wide variety of tools applications and methodologies that enable organizations to collect data from internal systems and external sources prepare it for analysis.

It exist a lot of concepts and terms that it is necessary to know and handle when a team working with business intelligence issues. Business intelligence bi comprises the strategies and technologies used by enterprises for the data analysis of business information. What is business intelligence. The term business intelligence bi refers to technologies applications and practices for the collection integration analysis and presentation of business information.

Thomas davenport has argued that business intelligence should be divided into querying reporting olap an alerts tool and business analytics.