Business intelligence (BI) is the process of gathering information from
the business. The gathered business information is transformed
into knowledge using business intelligence. To run the business
successfully one should have the comprehensive business knowledge and
understanding of your business strengths and its weakness. In business
intelligence will take into account the internal and external factors
of a business. Business intelligence will ease the decision making
process, helps in understanding the customer taste, market trends.
Business Intelligence Definition
The basic definition of Business intelligence is defined as "the
process of gathering information about a business or industry matter;
BI is a broad range of applications and technologies for gathering,
storing, analyzing, and providing access to data thereby that help to
managers make business decisions."
Business Intelligence Includes What
Business intelligence (BI) includes software applications, technologies
and analytical methodologies that perform data analysis. Business
intelligence covers data mining, Web mining, text mining, reporting and
querying, OLAP, and data visualization.
Knowledge Management Is Part of Business Intelligence
Knowledge management is one of the methods in Business intelligence.
Knowledge management has been defined as "the technique and tools for
capturing, storing, organizing, and making knowledge" Business
intelligence is driven by an objective laid by the company. The
duration of the objective may be short period or long period.
Business Intelligence Software
Identifying and understanding business opportunities in today's vast
business environment requires far more than an understanding of
technology trends. Business software helps the business management to
access up-to-date and accurate information about the business
performance. Identifying and understanding business opportunities in
this vast business environment requires far more than an understanding
of technology trends.
OLAP Powerful BI Software
The most popular business intelligence tool is OLAP (Online Analytical Processing).
OLAP (Online Analytical Processing) is a powerful, Business
Intelligence & enterprise reporting application for small and
medium organizations with the capacity to fully Integrate Enterprise
Information.
OLAPBrowser delivers incredible reporting power. Create global and
enterprise information delivery systems, executive information Systems
and personal analytical application.
