Business Intelligence
Business Intelligence (BI) - technology infrastructure for gaining maximum information from available data for the purpose of improving business processes. Typical BI infrastructure components are as follows: software solution for gathering, cleansing, integrating, analyzing and sharing data. Business Intelligence produces analysis and provides believable information to help making effective and high quality business decisions.
Business intelligence (BI) has two basic different meanings related to the use of the term intelligence. The primary, less frequently, is the human intelligence capacity applied in business affairs/activities. Intelligence of Business is a new field of the investigation of the application of human cognitive faculties and artificial intelligence technologies to the management and decision support in different business problems.
The second relates to the intelligence as information valued for its currency and relevance. It is expert information, knowledge and technologies efficient in the management of organizational and individual business. Therefore, in this sense, business intelligence is a broad category of applications and technologies for gathering, providing access to, and analyzing data for the purpose of helping enterprise users make better business decisions. The term implies having a comprehensive knowledge of all of the factors that affect the business. It is imperative that firms have an in depth knowledge about factors such as the customers, competitors, business partners, economic environment, and internal operations to make effective and good quality business decisions. Business intelligence enables firms to make these kinds of decisions.
The most common kinds of Business Intelligence systems are:
EIS - Executive Information Systems
DSS - Decision Support Systems
MIS - Management Information Systems
GIS - Geographic Information Systems
OLAP - Online Analytical Processing and multidimensional analysis
CRM - Customer Relationship Management
Business Intelligence systems based on Data Warehouse technology. A Data Warehouse(DW) gathers information from a wide range of company's operational systems, Business Intelligence systems based on it. Data loaded to DW is usually good integrated and cleaned that allows to produce credible information which reflected so called 'one version of the true'.
Business Intelligence tools
The most popular BI tools on the market are:
Oracle - Siebel Business Analytics Applications
SAS - Business Intelligence
SAP - BusinessObjects XI
IBM - Cognos 8 BI
Oracle - Hyperion System 9 BI+
Microsoft - Analysis Services
MicroStrategy - Dynamic Enterprise Dashboards
Pentaho - Open BI Suite
Information Builders - WebFOCUS Business Intelligence
QlikTech - QlikView
TIBCO Spotfire - Enterprise Analytics
Sybase - InfoMaker
KXEN - IOLAP
SPSS – ShowCase
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