Business Intelligence

Quote of the Day

Management by objective works - if you know the objectives. Ninety percent of the time you don't.

Peter Drucker

Concept Briefing:

Business Intelligence - BI is a system that uses application software and other technologies to gather, store, analyze, and provide access to data. Some observers regard BI as the process of enhancing data into information and then into knowledge. The software aims to help people make "better" business decisions by making accurate, current, and relevant information available to them when they need it. Tools have been developed to ease business intelligence work, especially when the intelligence task involves gathering and analyzing large quantities of unstructured data.

Tool categories commonly used for business intelligence include:

OLAP (Online Analytical Processing) sometimes simply called "Analytics" (based on dimensional analysis and the so-called "hypercube" or "cube")

Scorecarding, Dashboarding and Information visualization

Data warehouses

Data mining (DM)

Business Performance Management (BPM)

Text mining

Executive Information Systems (EIS)

Decision Support Systems (DSS)

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25.01.2007. 07:13