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Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. [1] Common functions of BI technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text ...
Business intelligence software is a type of application software designed to retrieve, analyze, transform and report data for business intelligence (BI). The applications generally read data that has been previously stored, often - though not necessarily - in a data warehouse or data mart .
In computing, online analytical processing, or OLAP (/ ˈ oʊ l æ p /), is an approach to quickly answer multi-dimensional analytical (MDA) queries. [1] The term OLAP was created as a slight modification of the traditional database term online transaction processing (OLTP). [2]
Guided analytics applications lie in the intersection between business intelligence and predictive analytics. A great number of business analysts rely on business intelligence tools to flexibly extract specific information from data. [1] It is often required to automatically run an analysis on the raw data before information can be extracted. [2]
Agile business intelligence is a continual process and not a one-time implementation. Managers and leaders need accurate and quick information about the company, and BI provides the data they need. ABI enables rapid development using the agile methodology.
Many small business owners still view artificial intelligence tools as too complex or only suitable for larger businesses. But AI's potential is more user-friendly and accessible than ever before. 3.
Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods .
IBM Cognos Analytics with Watson (aka Cognos Analytics, and formerly known as IBM Cognos Business Intelligence) is a web-based integrated business intelligence suite by IBM. It provides a toolset for reporting, analytics, scorecarding, and monitoring of events and metrics. The software consists of several components designed to meet the ...
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