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Business Intelligence Solutions
Business Intelligence (BI) refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products or departments or associated costs and incomes.
BI technologies provide historical, current, and predictive views of business operations. Common functions of Business Intelligence technologies are reporting, online analytical processing, analytics, data mining, business performance management, benchmarking, text mining, and predictive analytics.
Business Intelligence often aims to support better business decision-making. Thus a BI system can be called a decision support system (DSS). Though the term business intelligence is often used as a synonym for competitive intelligence, because they both support decision making, BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence, is done by gathering, analyzing and disseminating information with or without support from technology and applications, and focuses on all-source information and data (unstructured or structured), mostly external to, but also internal to a company, to support decision making.
1. "BusinessDictionary.com". http://www.businessdictionary.com/. Retrieved 17 March 2010.
2. a b H. P. Luhn (October 1958). "A Business Intelligence System" (PDF). IBM Journal. http://www.research.ibm.com/journal/rd/024/ibmrd0204H.pdf. Retrieved 2008-07-10.
3. a b D. J. Power (2007-03-10). "A Brief History of Decision Support Systems, version 4.0". DSSResources.COM. http://dssresources.com/history/dsshistory.html. Retrieved 2008-07-10.
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