Concepts Of Business Intelligence

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. In order to really understand all these concepts and its relationships it is necessary grouping these terms by functions inside the whole business intelligence design and implementation. 1 ï 1999 2010 info tech research group.

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Business intelligence bi comprises the strategies and technologies used by enterprises for the data analysis of business information.

Concepts of business intelligence. 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. The concept or the term business intelligence was first mentioned in the mid 1800s in a work published by richard miller devens. Core concepts and technologies last revised. Business intelligence bi is a technology driven process for analyzing data and presenting actionable information which helps executives managers and other corporate end users make informed business decisions.

Business and it decision makers need to establish the strategic intent behind bi before even considering tool adoption. 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. Business intelligence is a set of methodologies processes architectures. In order to distinguish between concepts of business intelligence and data warehouses forrester research often defines business intelligence in one of two ways.

What is business intelligence. The concept of business intelligence bi is brought up by gartner group since 1996. He observed this in the way of working of a banker named henry furnese who simply used to gather important business information to come up with effective business strategies. 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. January 18 2010 enterprises generate a great deal of useless data in the name of business intelligence bi. Business intelligence bi refers to the procedural and technical infrastructure that collects stores and analyzes data produced by a company. It exist a lot of concepts and terms that it is necessary to know and handle when a team working with business intelligence issues.