Business intelligence involves putting together
internally stored and externally retrieved data into a technological tool to
aid management in making resolution.
Business intelligence aids the making of better decisions in business, by using a very wide variation of tools to process data into information and analysis for decision making.
Business intelligence aids the making of better decisions in business, by using a very wide variation of tools to process data into information and analysis for decision making.
"Business intelligence programs may also
incorporate forms of advanced analytics, such as data mining, predictive
analytics, text mining, statistical analysis and big data analytics".
The term was "coined' in the late mid 19th century, started as Mainframe based analytical systems such as decision support system, a leading name in the field of Business intelligence is Howard Dresner.
The term was "coined' in the late mid 19th century, started as Mainframe based analytical systems such as decision support system, a leading name in the field of Business intelligence is Howard Dresner.
Business intelligence can be used in various
departments in the organization, be it sales, marketing, procurement,
accounting. For example Forbes, Monster.com, Quidsi using IBM, Unica and SAP on
their customer data to better make decision towards increasing profit. Some
organizations use SAS, Oracle/SAP ERP. The size of the organization will affect
what type of business tool management will use, in recent days with more and
more business tools being created, companies now have options from Microsoft,
IBM, Tableau et cetera
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