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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 ...
Predictive analytics is a set of business intelligence (BI) technologies that uncovers relationships and patterns within large volumes of data that can be used to predict behavior and events. Unlike other BI technologies, predictive analytics is forward-looking, using past events to anticipate the future. [ 3 ]
Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set metrics to both measure past performance and guide business planning.
Technical intelligence (TECHINT) are gathered from analysis of weapons and equipment used by the armed forces of foreign nations, or environmental conditions. Medical intelligence (MEDINT) – gathered from analysis of medical records and/or actual physiological examinations to determine health and/or particular ailments and allergic conditions ...
Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. [2] In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively.
In business intelligence, data classification is "the construction of some kind of a method for making judgments for a continuing sequence of cases, where each new case must be assigned to one of pre-defined classes." [1] Data Classification has close ties to data clustering, but where data clustering is descriptive, data classification is ...
OLAP is typically contrasted to OLTP (online transaction processing), which is generally characterized by much less complex queries, in a larger volume, to process transactions rather than for the purpose of business intelligence or reporting. Whereas OLAP systems are mostly optimized for read, OLTP has to process all kinds of queries (read ...
Techniques for analyzing data, such as A/B testing, machine learning, and natural language processing; Big data technologies, like business intelligence, cloud computing, and databases; Visualization, such as charts, graphs, and other displays of the data; Multidimensional big data can also be represented as OLAP data cubes or, mathematically ...