BI
applications use data gathered from a data warehouse or a data mart. But
every data warehouses are not used for business intelligence applications and
vice versa.
Business
Intelligence(BI) is a set of methodologies, processes, architectures, and
technologies that transform raw data into meaningful and useful information
which can be used by enterprise users to enable more effective strategic,
tactical, and operational insights and decision-making.Business intelligence
also includes technologies such as data integration, data quality, data
warehousing, master data management, text and content analytics etc.
BI
technologies provide historical, current and predictive views of business
operations. Common functions of business intelligence technologies are
reporting, online analytical processing(OLAP),analytics,
data mining, process mining, complex event processing, business performance
management, benchmarking, text mining, predictive analytics and prescriptive
analytics.
Business
intelligence aim is to support better business decision-making. Therefore a BI
system can be called as a decision support system (DSS).Business intelligence
is sometimes used in a competitive way because they support decision making,
The reason why BI is called as competitive because BI uses technologies,
processes, and applications to analyze mostly internal, structured data and
business processes and at the same time gathers, analyzes and disseminates
information with a topical focus on company competitors. Therefore BI can also
be called as competitive intelligence. A data warehousing/datamart system is the backend, component for
achieving business intelligence.
This
section below includes different types of Business Intelligence tools.
Business Intelligence(BI) tools: Tools
commonly used for Business Intelligence(BI).
useful...!!
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