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What (who) is business intelligence - definition
Business intelligence
A SET OF TECHNIQUES AND TOOLS FOR THE ACQUISITION AND TRANSFORMATION OF RAW DATA INTO MEANINGFUL AND USEFUL INFORMATION FOR BUSINESS ANALYSIS PURPOSES
Business Intelligence; Business information; BI software; Business Intelligence System; Banking business intelligence; Banking Business Intelligence; Business Intelligence Software at SYSCO; Self-Service Business Intelligence; Business Intelligence portal; Multi-channel analytics; Business intelligence technology; Business discovery; History of business intelligence
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.
Real-time business intelligence
Real-time business intelligence (RTBI) is a concept describing the process of delivering business intelligence (BI) or information about business operations as they occur. Real time means near to zero latency and access to information whenever it is required.
Data classification (business intelligence)
In business intelligence, data classification has close ties to data clustering, but where data clustering is descriptive, data classification is predictive. In essence data classification consists of using variables with known values to predict the unknown or future values of other variables.
Examples of use of business intelligence
1. Wilson of consultancy Keystone Business Intelligence India said.
2. That is the next stage of business intelligence." Analysts also say as companies realize business intelligence software can churn out much more than just data, demand for the tools will grow.
3. Extensions to the Cognos 8 Business Intelligence platform, the consumer modes, including Cognos 8 Go!
4. "There is almost no penetration of business intelligence," Schwarz said of the concentrated use of such software among big companies.
5. Oracle ranked first in three separate categories, i.e. middleware, data warehouse and business intelligence and databank applications.