Meaning of business intelligence
Business Intelligence
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Meaning and definition of business intelligence :
Business Intelligence: Organizations collect huge amounts of data in their information systems during the course of their day-to-day operations. Business Intelligence (BI) helps in converting data into information and then into knowledge. Our intelligence enables us to combine existing knowledge with new information and change our behavior in such a way that we succeed at our task or adapt to a new situation. Similarly, BI enables firms to collect information, develop knowledge about operations and change decision making behavior to achieve various business objectives. BI software can be used to gather, store, analyze and provide access to data and present that data in a simple, useful manner. Data warehousing is usually a part of this process. BI involves sifting through large amounts of data, extracting pertinent information and turning that information into knowledge, using which decisions can be taken. (See Data warehousing and Data Mining)
For the term business intelligence may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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Glossary of knowledge terms
Business Intelligence
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