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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Business Analytics Best Practices / Business Intelligence Best Practices
Business Intelligence, Business Analytics, Evidence-based Decision Making, Big Data...
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Competitive Intelligence Best Practices
CI, BI, Business Analytics, Compettive Advantage...
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Using BI for Competitive Advantage - Best Practices
Business Intelligence, Competitive Advantage, Best Practices...
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Common Business Intelligence Pitfalls
Investing in BI, Avoiding Pitfalls, Getting Full Value out of Business Analytics...
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Limitations of Real-time Business Intelligence
Decision-making, Business Analytics, Decision Support...
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Generic Benefits of Real-time BI
Decision-making, Business Analytics, Decision Support...
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What are the Main Categories of BI Tools?
BI Types, BI Categories...
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Preparing for Implementation of BI systems
Generic Steps to Consider, Checklist...
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3 Steps in Solving Problems with Data Credibility
Improving Data Reliablility, IT, Business Intelligence...
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Using BI for Competitive Advantage - Focus Areas
IT Strategy, Competitive Advantage...
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Relevance of BI to Strategy and Decision-making
BI, Decision-making, Business Analytics...
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Defining Real-time Business Intelligence
Decision-making, Business Analytics...
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Performance Management with Business Intelligence
Business Intelligence, Corporate Performance Management, Key Performance Indicators, ERP, Predictive Analysis...
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Implementation of a Business Intelligence Strategy. Steps
Business Intelligence, BI Strategy, BI Process, BI Steps...
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BI Overview: the Concept and Main Trends
Business Intelligence...
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How DSS, AI and IT can aid the Transformation Process of Knowledge
External Knowledge Sharing...
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Using Big Data for Competitive Advantage
Customer Analysis, Data Management...
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KPIs and KPI Management
Understanding KPIs, Introduction...
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Business Intelligence Diagram
Business Intelligence...
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News about Business Intelligence
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News about Business Decision-making
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Videos about Business Intelligence
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Videos about Business Decision-making
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Presentations about Business Intelligence
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Presentations about Business Decision-making
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Books about Business Intelligence
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Books about Business Decision-making
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More about Business Intelligence
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More about 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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