What is Business Intelligence System???
Business Intelligence Definition
The technology, methods, and applications used for the integration and presentation of business information, is known as Business Intelligence System. The business decisions making made by an enterprise is supported by the Business Intelligence System.
Through business intelligence, one is enabled to have a more tactical and meaningful business decision. In other words, it is also the process of transforming raw data into meaningful information to make an informed business decision that helps in the growth of the business. It is comprised of a combination of data analysis applications and data of varied kinds transformed into data that gives a business enterprise capability to make wise business decisions.
Business Intelligence Introduction
Business Intelligence (BI) is a relatively new term that became popular in the 1990s. Due to high levelof competition in the business environment, enterprises require an analytically oriented system that can rejig their capabilities to reinvent and modify information they already posses. Business Intelligence System (BIS) has two different meanings. One which emphasizes on human intelligence capacity incorporated in business affairs and the other that focuses on intelligence as information valued for its currency and relevance. Apart from these two meanings, competitive intelligence is a specialized field of business intelligence that solely focuses on the external competitive environment. Other crucial operational elements of BIS consist of data storage, transform load process, data warehousing and analytical presentation.
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