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.
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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.
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 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...
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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...
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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...
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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...
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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....
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Business Intelligence Software
What is the actual role business intelligence (BI) software is playing in the actual strategy process of an organization?...
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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...
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Combining GIS and BI
Sometimes we can combine a GIS with BI to provide a better way to make a decision....
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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...
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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...
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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 ...
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Business Intelligence Special Interest Group
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Business Intelligence Education & Events
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 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...
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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:
1....
Usage (application): Business Intelligence, BI Strategy, BI Process, BI Steps
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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
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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
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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
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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
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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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News
Business Intelligence
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News
Business Decision-making
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Videos
Business Intelligence
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Videos
Business Decision-making
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Presentations
Business Intelligence
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Presentations
Business Decision-making
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Business Intelligence
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Business Decision-making
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Compare with BI: Activity Based Costing
| CSFs and KPIs |
Balanced Scorecard |
Performance Management
| Beyond Budgeting
Return to Management Hub: Change & Organization | Decision-making & Valuation | Knowledge & Intangibles | Strategy
More Management Methods, Models and Theory
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Special Interest Group Leader
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