Business Intelligence

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Making better business decisions through the use of timely and accurate information. Explanation of Business Intelligence.


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What is Business Intelligence? Definition

Business Intelligence (BI) aims at making better business decisions through the use of a broad category of Management Information Systems, applications and technologies for gathering, storing, analyzing, and providing access to data. BI uses timely and accurate information to make decisions.

Typical BI activities

Typically, BI activities include decision support, query and reporting, online analytical processing, statistical analysis, forecasting, and data mining. BI represents those systems that help companies understand what makes the corporation successful, and to help predict the future impact of current decisions. These systems play a key role in strategic planning process of the corporation.

Typical Business Intelligence Applications

Typical BI systems are: customer profiling, market basket analysis, anti money laundering, anti fraud, customer contact analysis, market segmentation, credit scoring, product profitability, inventory movement as well as certain risk related applications.

Business Intelligence software

BI software provides better steering information to managers, enabling them to make better business decisions, ultimately leading to increased shareholder and stakeholder value creation. BI systems play a key role in strategic planning process of the corporation.

Business Intelligence - Process
Business Intelligence Forum
  SAS Business Intelligence Interview
Hi, I'm currently writing my master’s thesis. It's title is: "Sense Making in a Decision making Support Tool: A Case Study of SAS Business Intelligence".

According to Gartner, business intelligence is an umbrella tool. It is accessing anal...
  Setting up a BI Unit
What are the steps required to create a Business Intelligence section in my department to facilitate business planning, strategy formulation and decision making?
Do you have any tips or pitfalls to share? Thank you...
My organization is loo...
  Software for Mass Data Analysis?
I need to conduct a large amount of data analysis on database. Could anyone recommend an interactive application for data analysis?
The requirements are:
1. Able to cope with the unexpected requirement rapidly.
2. Able to perform furth...
  Creating Decision Making Dashboards
Companies must make common dashboards available, integrating all relevant information to support the decision-making process and performance valuation. This means that all managerial roles will see the same information...
  Evaluation of Business Intelligence Systems. Metrics
I am looking for metrics to evaluate BI systems. Someone has a clue? Is there a standard available for this?...
  Business Intelligence Definitions
Business Intelligence (BI) is the process of gathering, maintaining and analysing a vast amount of data for taking fact-based business decisions and not gut-based....
  Business Intelligence Software
What is the actual role business intelligence (BI) software is playing in the actual strategy process of an organization?...
  Business and Strategic Intelligence
Is strategic intelligence the same concept as that of business intelligence? The only difference I picked up was that strategic intelligence is more military operation kind of thing. But is the concept same? Analyzing past trends to make bette...
  Combining GIS and BI
Sometimes we can combine a GIS with BI to provide a better way to make a decision....
  Business Intelligence Quotes
Time spent in reconnaissance is seldom wasted - Sun Tzu, 4th century B.C....
  Business Intelligence History
Wikipedia says In 1989 Howard Dresner, a Research Fellow at Gartner Group popularized "BI" as an umbrella term to describe a set of concepts and methods to improve business decision-making by using fact-based support systems. But was it actually Dres...
  Self-servicing Business Intelligence
Bill Hostmann from Gartner Research in a SAS magazine expects that information will be increasingly self-servicing. Getting information to business users in a relevant, accurate, consistent and timely way will be vital.
Emerging technologies suc...
  Decision-centric BI (DCBI)
I recently read a new term: "Decison-centric BI" in an article by Dan Vesset from IDC in SASCOM. DCBI is the move from information delivery (historic reporting) to a collaborative, hypothesizing, modeling, predicting, future-action oriented usage of ...

Business Intelligence Special Interest Group

Special Interest Group

Business Intelligence Education & Events

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Best Practices - Business Intelligence Premium
  Business Intelligence Tools for SMEs
For the last two years I have been working giving some advice on processes improvement to local companies from small to medium size and I have found that the level of business controls (reporting/dashboards) is very poor in most of companies that I h...

Expert Tips - Business Intelligence Premium

Business Analytics Best Practices / Business Intelligence Best Practices

Babson-Professor Thomas H. Davenport in the Harvard BR of January 06 provides 10 best practices on BI:
1. Apply sophisticated information systems...
Usage (application): Business Intelligence, Business Analytics, Evidence-based Decision Making, Big Data

Competitive Intelligence Best Practices

According to Liam Fahey in the article “The Future Directions of Competitive Intelligence: Some Reflections” (Competitive Intelligence, Vol. 12...
Usage (application): CI, BI, Business Analytics, Compettive Advantage

Using BI for Competitive Advantage - Best Practices

In a recent report from the Economist Intelligence Unit titled "Levelling the Playing Field - How Companies Use Data for  

Common Business Intelligence Pitfalls

In a recent white paper by QlikView titled "BI for the people", it is argued that following 10 common pitfalls might prevent organizations from get...
Usage (application): Investing in BI, Avoiding Pitfalls, Getting Full Value out of Business Analytics

Limitations of Real-time Business Intelligence

- Cost - The costs of real-time BI are very high. A simple system could easily cost a company millions of dollars, but returns may not emerge immediat...
Usage (application): Decision-making, Business Analytics, Decision Support

Generic Benefits of Real-time BI

- Real-time BI dramatically reduces the latency of making decisions and reacting to events. There are generally four latencies in the business actions...
Usage (application): Decision-making, Business Analytics, Decision Support

What are the Main Categories of BI Tools?

It is essential that any organization understands its own business processes and appreciates the fact that BI tools are only a way to visualize, aggre...
Usage (application): BI Types, BI Categories

Preparing for Implementation of BI systems

According to Tad Leahy in the article “The right BI tools for the job” (Business Finance, October 2002) seven steps have to be considered before the i...
Usage (application): Generic Steps to Consider, Checklist

3 Steps in Solving Problems with Data Credibility

The problem of data credibility
Data credibility problems have been existed for many years. Due to this credibility problem, knowledge wor...
Usage (application): Improving Data Reliablility, IT, Business Intelligence

Using BI for Competitive Advantage - Focus Areas

According to the report "Levelling the Playing Field - How Companies Use Data for Competitive Advantage" by the Economist Intelligence Unit, companies...
Usage (application): IT Strategy, Competitive Advantage

Relevance of BI to Strategy and Decision-making

A research study conducted by Business Week Research Services and Business Objects shows that more than half of the critical business decisions made i...
Usage (application): BI, Decision-making, Business Analytics

Defining Real-time Business Intelligence

Real-time Business Intelligence, in contrast to business intelligence, is defined as the use of, or the capacity to use, all available company data an...
Usage (application): Decision-making, Business Analytics

Resources - Business Intelligence Premium

Performance Management with Business Intelligence

Paper by Luminita Hurbean. In today’s highly competitive business, the quality and timeliness of business information for an organization is not the c...
Usage (application): Business Intelligence, Corporate Performance Management, Key Performance Indicators, ERP, Predictive Analysis

Implementation of a Business Intelligence Strategy. Steps

This presentation is about BI and the steps that need to be taken in order to be successful. The presentation includes the following sections:
Usage (application): Business Intelligence, BI Strategy, BI Process, BI Steps

BI Overview: the Concept and Main Trends

Presentation that provides an overview of Business Intelligence and describes the main trends in it. The presentation includes the following sections:...
Usage (application): Business Intelligence

How DSS, AI and IT can aid the Transformation Process of Knowledge

Paper by Saadat Alhashmi. Competitive organisations must be able to locate, capture, store, share and leverage not only data and information but also ...
Usage (application): External Knowledge Sharing

Using Big Data for Competitive Advantage

Presentation about unstructured consumer information, or Big Data. Big Data – if processed correctly - can give companies great insights about their c...
Usage (application): Customer Analysis, Data Management

KPIs and KPI Management

Introduction by expert Joe Panebianco gives a first understanding of what Key Performance Indicators (KPI's) are and their purpose.
KPI's are use...
Usage (application): Understanding KPIs, Introduction

Business Intelligence Diagram

Download and edit this 12manage PowerPoint graphic for limited personal, educational and business use. Republishing in intranets, websites, books, ma...
Usage (application): Business Intelligence


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