The time period Business Intelligence (BI) refers to applied sciences, applications and practices for the collection, integration, evaluation, and presentation of enterprise data. Before it’s utilized in BI functions, uncooked data from different source methods must be built-in, consolidated and cleansed utilizing data integration and information quality instruments to make sure that users are analyzing accurate and consistent info.
The potential advantages of enterprise intelligence instruments embody accelerating and bettering choice-making, optimizing inside business processes, growing operational effectivity, driving new revenues and gaining competitive benefit over enterprise rivals.
Using a broad definition: “Business Intelligence is a set of methodologies, processes, architectures, and applied sciences that transform raw information into meaningful and helpful data used to allow more effective strategic, tactical, and operational insights and decision-making.” 12 Below this definition, business intelligence additionally contains applied sciences such as information integration, knowledge high quality, information warehousing, master-information management, textual content- and content material-analytics, and lots of others that the market sometimes lumps into the ” Information Management ” segment.
Business intelligence is a broad term that encompasses data mining , course of analysis, performance benchmarking , descriptive analytics , and so forth. Business intelligence is meant to absorb all the info being generated by a business and present easy to digest efficiency measures and trends that can inform administration decisions.
With out correct information, or with too little quality information, any BI implementation fails; it doesn’t matter how good the management sponsorship or enterprise-driven motivation is. Earlier than implementation it’s a good suggestion to do information profiling This evaluation identifies the content material, consistency and construction.” 25 of the info.