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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 ...
The business analyst role is an overlap of these two professions, and therefore the business analyst plays an essential role in communication and understanding between these two groups. [14] [15] Requirements elicitation - this refers to "analyzing and gathering the needs of both computer-based systems as well as the business". [14]
A Business Intelligence Competency Center (BICC) is a cross-functional organizational team with defined tasks, roles, responsibilities and processes for supporting and promoting the effective use of business intelligence (BI) across an organization. [1]
Business analysis is a professional discipline [1] focused on identifying business needs and determining solutions to business problems. [2] Solutions may include a software-systems development component, process improvements, or organizational changes, and may involve extensive analysis, strategic planning and policy development.
Business informatics includes significant construction and implementation-oriented elements. Another thing is one major focus lies in the development of solutions for business problems rather than the ex post investigation of their impact. Information systems (IS) focus on empirically explaining the phenomena of the real world. Information ...
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 .
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Operational intelligence is a relatively new market segment (compared to the more mature business intelligence and business process management segments). In addition to companies that produce dedicated and focused products in this area, there are numerous companies in adjacent areas that provide solutions with some OI components.
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