Database
...Intelligence (BI) has many definitions. Some define it as a broad category of technologies that allows for gathering, storing, accessing & analyzing data to help business users make better decisions. (www.oranz.co.uk/glossary_text.htm)
⢠Others say BI is the practice of using data warehouses to analyze business performance. BI tools should provide data-driven insight. (Dyche, 2001 (www.informit.com/articles).
Simply,
⢠Business Intelligence (BI) is about getting the right information, to the right decision makers, at the right time.
⢠BI is an enterprise-wide platform that supports reporting, analysis and decision making.
⢠BI leads to:
⢠fact-based decision making
⢠"single version of the truthâ
⢠BI includes reporting and analytics.
Why is Business Intelligence Important
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⢠The ideal goal of Planning and Forecasting in any organization is to balance the Demand-side with the Supply-side
⢠Business Intelligence is an integral part of Planning and Forecasting
⢠Gain sustainable competitive advantage with BI
⢠Oracle delivers this capability via its integrated BI Stack
ROLE OF BUSINESS INTELLIGENCE:
Business Intelligence, or BI, refers to the process by which business and companies gather data, analyze it, and re-apply it in order to make the best possible business and financial model possible for their particular instance. Many businesses devote entire divisions just to this process, in order to try to streamline their workflow and make more money for less effort. Those that succeed, succeed financially also. Those that fail don't usually last long.
Business performance management solutions like business intelligence might, for example, set up a monitoring system on sales - profits, amounts lost in small transaction fees, amounts paid originally - with enough...
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