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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 .
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 ...
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.
Oracle Business Intelligence Enterprise Edition Plus, also termed as the OBI EE Plus, is Oracle Corporation's set of business intelligence tools consisting of former Siebel Systems business intelligence and Hyperion Solutions business intelligence offerings.
Mike Kaput is the chief content officer at Marketing A.I. Institute and the co-author of "Marketing Artificial Intelligence: A.I., Marketing and the Future of Business." He told Scripps News AI's ...
OLAP is part of the broader category of business intelligence, which also encompasses relational databases, report writing and data mining. [3] Typical applications of OLAP include business reporting for sales, marketing , management reporting, business process management (BPM), [ 4 ] budgeting and forecasting , financial reporting and similar ...
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]
The Business Intelligence and Reporting Tools (BIRT) Project is an open source software project that provides reporting and business intelligence capabilities for rich client and web applications, especially those based on Java and Java EE.