What is Business Intelligence ?

Business Intelligence (BI) consists of strategies and technologies used by enterprises for analyzing data and presenting actionable information to make informed business decisions. Often BI applications get their data from a data warehouse or from a data mart to make these decisions.

The common functions that come with a business intelligence application are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.

Benefits of a Business Intelligence Software

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Data Visualization

The presentation of company data is displayed in charts to provide better insights.

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Improved Reporting & Planning

The system can readily generate strategic reports and analytics. Allowing users to make better-informed decisions based on end-to-end trends and metrics.

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Data Discovery

Search for patterns using visual tools such as geographical maps, heat maps, and pivot tables.

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Determine future trends from historical data and successfully plan ahead.

Types of Business Intelligence Applications

  • OLAP
  • Data Warehouse
  • Data Mining
  • Business Activity Monitoring
  • Reporting and Querying Software
  • Digital Dashboards
  • Local Information Systems
  • Data Cleansing
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