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Real-time business intelligence. Real-time business intelligence (RTBI) is a concept describing the process of delivering business intelligence (BI) or information about business operations as they occur. Real time means near to zero latency and access to information whenever it is required. [1]
According to Forrester Research, business intelligence is "a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making." [11] Under this definition, business intelligence ...
Operational intelligence (OI) is a category of real-time dynamic, business analytics that delivers visibility and insight into data, streaming events and business operations. OI solutions run queries against streaming data feeds and event data to deliver analytic results as operational instructions. OI provides organizations the ability to make ...
Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations. [ 4 ] [ 5 ] The firm uses machine data for identifying data patterns , [ 6 ] providing metrics, diagnosing problems and providing intelligence for business operations.
Event processing is a method of tracking and analyzing (processing) streams of information (data) about things that happen (events), [1] and deriving a conclusion from them. Complex event processing (CEP) consists of a set of concepts and techniques developed in the early 1990s for processing real-time events and extracting information from ...
Dashboard (computing) In computer information systems, a dashboard is a type of graphical user interface which often provides at-a-glance views of data relevant to a particular objective or process through a combination of visualizations and summary information. [1][2][3][4] In other usage, "dashboard" is another name for "progress report" or ...
In computing, online analytical processing, or OLAP (/ ˈoʊlæp /), 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] OLAP is part of the broader category of business intelligence, which ...
Not to be confused with Business analysis. 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 ...
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