Business intelligence (BI) is the ability of an organization to collect, maintain, and organize knowledge. This produces large amounts of information that can help develop new opportunities. Identifying these opportunities, and implementing an effective strategy, can provide a competitive market advantage and long-term stability.
BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
The goal of modern business intelligence deployments is to support better business decision-making. Thus a BI system can be called a decision support system (DSS).Though the term business intelligence is sometimes a synonym for competitive intelligence (because they both support decision making), BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors. If understood broadly, business intelligence can include the subset of competitive intelligence.
Read more about Business Intelligence: History, Business Intelligence and Data Warehousing, Business Intelligence and Business Analytics, Applications in An Enterprise, Prioritization of Business Intelligence Projects, Success Factors of Implementation, User Aspect, Marketplace, Semi-structured or Unstructured Data, Future
Other articles related to "business intelligence, business, intelligence":
... A 2009 Gartner paper predicted these developments in the business intelligence market Because of lack of information, processes, and tools, through ... By 2012, business units will control at least 40 percent of the total budget for business intelligence ... one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups ...
... Business Intelligence 2.0 (BI 2.0) is a set of new tools and software for business intelligence, beginning in the mid-2000s, that enable, among other ... for exchanging data such as XBRL (Extensible Business Reporting Language), Web Services and various Semantic Web ontologies enable using data external to an organization, such as benchmarking type information ... Business Intelligence 2.0 is most likely named after Web 2.0, although it takes elements from both Web 2.0 (a focus on user empowerment and community collaboration ...
... MongoDB connectors for Pentaho Kettle and Pentaho BI RJMetrics A hosted Business Intelligence Solution that supports MongoDB ... Nucleon BI Studio MS Windows based business intelligence software that supports MongoDB and other RDBMS ...
... definition also includes situations where Business Intelligence tools are used in the manner as described above ... Usually, spreadmarts grow where standard Business Intelligence (BI) reporting is too inflexible and too slow ... A Business analyst uses the "export to Microsoft Excel" button in his BI software and creates his own report with the exported data table ...
... Acquisition date Company Business Valuation millions USD References 02013-01-012013 02013-02-04Feb 4, 2013 Acme Packet Networking hardware for telecommunications service providers $2,100 02012-01-012012 ... to transform meter, customer, network and asset Big Data into actionable business intelligence $0)N/A 02012-11-08Nov 8, 2012 Instantis Cloud and premises-based Project. 02012-06-05Jun 5, 2012 Collective Intellect Cloud-based social intelligence solutions $0)N/A 02012-05-23May 23, 2012 Vitrue Social Marketing Platform provider $0)$300 (estimated) 02012-03 ...
Famous quotes containing the words intelligence and/or business:
“It doesnt matter whether youre talking about bombs or the intelligence quotients of one race as against another ... if a man is a scientist, like me, hell always say Publish and be damned.”
—Jacob Bronowski (19081974)
“... hurled religiously
Upon your business of humility
Into the iron forestries of hell....”
—Allen Tate (18991979)