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Business intelligence (BI) is a broad category
of application programs and technologies for gathering, storing,
analyzing, and providing access to data to help enterprise users
make better business decisions. BI applications include the activities
of decision support, query and reporting, online analytical processing
(OLAP), statistical analysis, forecasting, and data mining.
A popularized, umbrella term used to describe a set of concepts
and methods to improve business decision making by using fact-based
support systems. The term is sometimes used interchangeably with
briefing books and executive information systems
Normally describes the result of in-depth analysis of detailed
business data. Includes database and application technologies,
as well as analysis practices. Sometimes used synonymously with
"decision support," though business intelligence is
technically much broader, potentially encompassing knowledge management,
enterprise resource planning, and data mining, among other practices.
Business intelligence (BI) is the process of gathering information
in the field of business. It can be described as the process of
enhancing data into information and then into knowledge. Business
intelligence is carried out to gain sustainable competitive advantage,
and is a valuable core competence in some instances.
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Features and Highlights
- Built-in drill-down / drill-around capability that allows
detailed examination of data that comprise a summary value
in a query result
- Built-in graphic capability that allows results to be viewed
with bar, pie or line graphs
- Built-in export feature that allows data exports to other
packages of your choice (e.g. spreadsheet, word processing
or other favorite applications)
- A simple, intuitive interface that requires minimal training
to effectively utilize
- Pre-formatted query templates for novice users
- Capability to save commonly used queries for quick retrieval
and execution
- Multi-level security for restricted data access
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