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Business Intelligence

The following are some of the Definitions of this field:

  1. Systems that provide directed background data and reporting tools to support and improve the decision-making process.
  2. Business Intelligence provides business roadmaps to deliver solutions for business analysis which includes data models, meta-data and analytical applications. By having these roadmaps, we deliver superior business value through improved return on investment, time value by enabling fast solution delivery, and technical value through open database enablement.
  3. A term which represents those systems that help companies understand what makes the wheels of the corporation turn and to help predict the future impact of current decisions. These systems place a key role in strategic planning process of the corporation. Systems that exemplify business intelligence include medical research, customer profiling, market basket analysis, customer contact analysis, market segmentation, scoring, product profitability, and inventory movement.
  4. An interactive process of analyzing and exploring structured, domain-specific information (often stored in a data warehouse) to discern trends or patterns, thereby deriving insights and drawing conclusions. The BI process includes communicating findings and effecting change. BI domains include customers, products, services or competitors.
  5. Business intelligence (BI) is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.
  6. Usage of timely and accurate information to base decisions upon. Typically, includes a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data. Activities include decision support, query and reporting, online analytical processing, statistical analysis, forecasting, and data mining.

See also
Business Consulting

Other resources

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