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Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.

Stephen Covey

Business Intelligence

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)

    25 Jan 2007 07:13:33

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