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What is BI (Business Intelligence)?
Business Intelligence is a set of techniques and tools that help transform raw data into meaningful and useful information.
The purpose of BI is to help businesses make better decisions. A BI system (BI System) is also known as a decision support system (DSS).
BI system is a combination of 3 main components as follows:
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Data Warehouse: Contains aggregated data of enterprises
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Data Mining: Techniques used to mine data such as Classification, Clustering, Association Rule, Prediction
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Business Analyst: Strategic decisions for business activities of enterprises.
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The main functions of BI (Business Intelligence):
Decision support Query and reporting Online analytical processing (OLAP) Statistical analysis Forecasting Data mining -
Technology supporting BI (business intelligence):
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Data warehousing
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Enterprise resource Planning (ERP) systems
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Query and report writing technologies
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Data mining and analytics tools
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Decision support systems
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Customer relation management
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