Some of these decisions are trivial and do not substantially affect the outcome of the business (usually to make a profit). I disagree.īusinesses, rather the people who guide them make decisions that affect everything about the business many times each day. But the key is that these definitions use technology as BI.
1. business intelligence definition software#
It is a software application, It is data mining or analysis or reporting, all technology in use. These seem to indicate that BI is a technology "thing" that does something for the company. BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting."įrom : "the process of gathering information about a business or industry matter a broad range of applications and technologies for gathering, storing, analyzing, and providing access to data to help make business decisions". Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, business performance management, benchmarking, text mining, and predictive analytics."įrom an article on CIO magazine : "Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization's raw data. "Business intelligence (BI) refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes.BI technologies provide historical, current, and predictive views of business operations. In general they define business intelligence as using technology tools to analyze business information. Let's review what the technology definitions are. "Business Intelligence is the art of collecting, sifting, and reporting about business facts in ways that provides companies a greater vision and clarity about their company's historical activities such as sales, inventory and other business processes so that the companies can make better and more informed decisions". My definition of Business Intelligence is: