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What is Business Intelligence (BI)

Handbook of Research on E-Business Standards and Protocols: Documents, Data and Advanced Web Technologies
Techniques used for identifying, extracting, analyzing data generated in the business environment with the aim of obtaining knowledge from the events occurred in the organizations. Some of these techniques consist on the application of data mining algorithms to the amount of information generated in the business.
Published in Chapter:
Enterprise Service Bus for Building Integrated Enterprises
M. Antonia Martínez-Carreras (Universidad de Murcia, Spain), Francisco J. García-Jiménez (Universidad de Murcia, Spain), and Antonio F. Gómez-Skarmeta (Universidad de Murcia, Spain)
DOI: 10.4018/978-1-4666-0146-8.ch028
Abstract
Lately, the building of Enterprise Application Integration (EAI) where different legacy-applications may interoperate between them has gained the focus of business research. In this sense, the Service Oriented Architecture (SOA), and particularly the utilization of Web services standards, has attracted the attention of several researchers and practitioners for implementing the needs of EAI. More concretely, the emergence of Enterprise Service Bus (ESB) has brought a layer for favouring the mediation, transformation, and thus, the communication between these diverse applications, services, or business processes in a decoupled way. Indeed, the ESB technology integrates a wide range of current technologies and business standards. The aim of this chapter is to offer the design and necessities of Future Business Environments comparing how open ESBs fulfils these requirements. Furthermore, this chapter compares six of the most well-known open ESBs considering the characteristics provided in the design of Future Business Environments.
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Big Data, Dashboards, and Data-Driven Educational Decision Making
Raw data transformed into knowledge for decision making.
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Integrated Model for Asynchronous Learning and Predictive Analytics for Enhanced Learner Experience
An organizational infrastructure that collects, stores, and analyzes the data produced by a company's activities.
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First of All, Understand Data Analytics Context and Changes
Is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.
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Big Data, Data Management, and Business Intelligence
Is a business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations.
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An Integrated Data Mining and Simulation Solution
Is an umbrella term that combines architectures, tools, data bases, applications, practices, and methodologies (Turban, Aronson, Liang, and Sharda, 2007). It is the process of transforming various types of business data into meaningful information that can help, decision makers at all levels, getting deeper insight of business.
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Big Data Challenges and Solutions in the Medical Industries
Business intelligence (BI) involves the arrangement of methodologies, procedures, applications, information, advancements and specialized structures which are utilized by enterprises to bolster the gathering, information investigation, introduction and spread of business data.
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Decision Making in Rural Tourism Management: The Case of Algarve
Systems to solve problems and support the decision-making process. BI applications and technologies collect and analyze data to help users make the best possible decision. Examples include: data warehouse, OLAP, and data mining.
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Impact of Artificial Intelligence on Managerial Accounting Systems
This terminology is referent to the technologies for the collection, analysis and representation of the relevant business data. These technologies permit to enhance the ability of the decision makers to predict the business future. Business intelligence (BI), instead of BA, do not encompass advanced technologies for the process of data analysis.
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Incorporating Knowledge Management into E-Commerce Applications
Using organisation data and knowledge resources for better informed decision making to enhance customer relations.
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Contract Lifecycle Management: Processes and Benefits
A comprehensive management system that depends on a set of software, descriptive, predictive, and directive analysis through collecting, cleaning, and analyzing real data according to the organization’s strategies. It also provides useful informational indicators to decision-makers at all levels, through interactive dashboards and flexible reports, that support the organization in making wise decisions aiming to improve business.
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Taxonomy Outline of Big Data Analytics Literature
BI includes set of applications, infrastructure, tools and techniques that is used for analysis of information for decision making.
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Quality Improvement of Healthcare Services Through Data Analytics Processes
Generally located within the larger concept of Business Analytics, Business Intelligence refers to gathering, filtering, and presenting data from various sources such as internal and external databases, and data warehouses to support business decision-making.
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The Importance of Implementing Big Data Analytics Concepts in Companies
Is a set of methodologies and concepts for gathering, analyzing and distributing information with the help of various software tools.
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Teaching and Using Analytics in Management Education
A process for improving the decision-making process through enhanced data analysis.
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Development and Design Methodologies in DWM
Abbreviated BI, business intelligence “is a popularized, umbrella term introduced by Howard Dresner of the Gartner Group in 1989 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. A Business Intelligence System is a data-driven DSS.” Decision support’s purpose is to provide managers with information or business intelligence.
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Automated Interpretation of Key Performance Indicators by Using Rules
A broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.
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Synergizing Success: Harnessing AI-Infused Business Intelligence to Propel Exponential Business Growth
BI refers to the technologies, processes, and strategies used to collect, analyze, and present business data for informed decision-making. It encompasses tools, software, and practices that transform raw data into meaningful insights.
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Business Intelligence
It is a business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations.
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Leadership for Big Data and Business Intelligence
A business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations.
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Teaching a Data Mining Course to MBA Students
An umbrella term referring to a variety of methods and applications used to analyze an organization’s raw data. As a discipline, BI may include several related activities including Data Mining, online analytical processing, querying and reporting.
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A Study of Information Requirement Determination Process of an Executive Information System
It is the process of monitoring and analyzing business transaction processes to ensure that they are optimized to meet the business goals of the organization.
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Measurement Issues in Decision Support Systems
The process of gathering information in the field of business. Information is typically obtained about customer needs, customer decision making processes, the competition, conditions in the industry, and general economic, technological, and cultural trends. Business intelligence is carried out to gain sustainable competitive advantage, and is a valuable core competence in some instances. The term was first used by Gartner and popularized by analyst Howard Dresner. It describes the process of turning data into information and then into knowledge. The intelligence is claimed to be more useful to the user as it passes through each step (http://explanation-guide.info/meaning/Business-intelligence.html)
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Chief Knowledge Officers
A business management term, which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations
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Measurement Issues in BI
The process of gathering information in the field of business. Information is typically obtained about customer needs, customer decision making processes, the competition, conditions in the industry, and general economic, technological, and cultural trends. Business intelligence is carried out to gain sustainable competitive advantage, and is a valuable core competence in some instances. The term was first used by Gartner and popularized by Gartner analyst Howard Dresner. It describes the process of turning data into information and then into knowledge. The intelligence is claimed to be more useful to the user as it passes through each step.http://explanation-guide.info/meaning/Business-intelligence.html.
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Information and IT in Small and Medium Enterprises
Comprises the organizational processes, systems and technology through which internal and external source data is gathered, integrated and transformed into information for analysis by decision-makers to make strategic, tactical and operational decisions to manage the organization for improved performance in order to gain a competitive advantage.
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Empowering Marketing Intelligence via Text Analytics
Processes that involve organisations performing various operations on data for use in decision-making.
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What the 3Vs Acronym Didn't Put Into Perspective?
An umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.
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Beyond Technology: An Integrative Process Model for Data Analytics
A conceptual framework or a software application for managerial decision support. It combines technical architecture, databases, data warehouses data marts, analytical tools, data visualizations.
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Emerging Business Intelligence Technologies for SMEs
Mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data. BI technologies provide historical, current and predictive views of business operations.
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Data Warehouse Software
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, OLAP, statistical analysis, forecasting, and data mining.
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Decision Support Systems
A system of technologies for collecting, reviewing, and hoarding data to assist in the decision-making process.
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Interactive, Flexible, and Adaptable Decision Support Systems
A system of technologies for collecting, reviewing, and hoarding data to assist in the decision making process.
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Big Data Analytics for Market Intelligence
refers to the procedural and technical infrastructure that collects, stores, and analyzes the data produced by a company’s activities.
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A New Model for the Digital Transformation of the Strategic Procurement Function: A Case Study From the Aviation Industry
A combination of processes, systems, tools, and methodologies understood as the first generation of data analytics with a focus on the analysis of historical and current data to facilitate effective decisions. Based on descriptive analytics, BI is often used for supporting current business operations.
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Business Intelligence
It is a business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations.
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Promoting Social and Solidarity Economy through Big Data
A type of application software designed to report, analyze, and present data. BI tools are often used to read data that have been previously stored in a data warehouse or data mart.
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Business Intelligence, Knowledge Management, and Customer Relationship Management Technological Support in Enterprise Competitive Competence
Activities that not only collect and process data, but also make possible analysis that results in useful-intelligent-solutions to business problems.
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Enterprise Systems in Small and Medium-Sized Enterprises
Software tools that use the ERP database to generate customizable reports and provide meaningful information and analysis to employees, customers, suppliers, and partners for more effective decision making at the organization.
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