Business Intelligence
What‘s Business Intelligence (BI )? The notion of Business Intelligence (BI ) refers to technologies, applications and practices to the collection, integration, analysis, and presentation of business information. The aim of Business Intelligence is to aid better business making decisions. Essentially, Business Intelligence systems are data-driven Decision Support Systems (DSS ). Business Intelligence is usually used interchangeably with briefing books, report and query tools and executive information systems. Importance of Business Intelligence tools or software solutions Business Intelligence systems provide historical, current, and predictive views of business operations, most frequently using data which has been gathered into your data warehouse or perhaps a data mart and occasionally working from operational data. Software elements support reporting, interactive “slice-and-dice” pivot-table analyses, visualization, and statistical data mining. Applications tackle sales, production, financial, and lots of other causes of business data for purposes including business performance management. Information is usually gathered about other companies in a similar industry and that is referred to as benchmarking. Business Intelligence Trends Currently organizations are beginning to discover that data and content shouldn‘t be considered separate facets of information management, but instead ought to be managed inside an integrated enterprise approach. Enterprise information management brings Business Intelligence and Enterprise Content Management together. Currently organizations are moving towards Operational Business Intelligence and that is currently under served and uncontested by vendors. Traditionally, Business Intelligence vendors are targeting only top the pyramid but now there‘s a paradigm shift moving toward taking Business Intelligence towards the bottom from the pyramid having a focus of self-service business intelligence. Self-Service Business Intelligence (SSBI ) Self-service business intelligence (SSBI ) involves the business systems and data analytics that give business end-users access for an organization’s information without direct IT involvement. Self-service Business intelligence gives end-users a chance to do more with the data without necessarily having technical skills. These solutions are often created to become flexible and easy-to-use to ensure that end-users can analyze data, make decisions, plan and forecast by themselves. Companies for example PARIS Technologies have used an approach to creating Business Intelligence an easily integrated tool for other end-user tools for example Microsoft Excel, Access, Web browsers along with other vendors. sumber: http://olap.com/learn-bi-olap/olap-bi-definitions/business-intelligence/
