Search results
Results from the WOW.Com Content Network
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 other words, business intelligence focusses on description, while business analytics focusses on prediction and prescription. [1] Business analytics makes extensive use of analytical modeling and numerical analysis, including explanatory and predictive modeling, [2] and fact-based management to drive decision making.
A common data warehouse example involves sales as the measure, with customer and product as dimensions. In each sale a customer buys a product. The data can be sliced by removing all customers except for a group under study, and then diced by grouping by product. A dimensional data element is similar to a categorical variable in statistics.
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 ...
For example, it is easy to support COUNT, MAX, MIN, and SUM in OLAP, since these can be computed for each cell of the OLAP cube and then rolled up, since on overall sum (or count etc.) is the sum of sub-sums, but it is difficult to support MEDIAN, as that must be computed for every view separately: the median of a set is not the median of ...
Predictive modeling is a statistical technique used to predict future behavior. It utilizes predictive models to analyze a relationship between a specific unit in a given sample and one or more features of the unit. The objective of these models is to assess the possibility that a unit in another sample will display the same pattern.
Prescriptive analytics is the third and final phase of business analytics, which also includes descriptive and predictive analytics. [2] [3] Referred to as the "final frontier of analytic capabilities", [4] prescriptive analytics entails the application of mathematical and computational sciences and suggests decision options for how to take advantage of the results of descriptive and ...
Business Intelligence Markup Language (BIML) is a domain-specific XML dialect for defining business intelligence (BI) assets. Biml-authored BI assets can currently be used by the BIDS Helper add-on for Microsoft SQL Server Business Intelligence Development Studio (BIDS) and the Varigence Mist (now called BimlStudio) integrated development environment; both tools translate Biml metadata into ...