Business Intelligence (BI) refers to processes, technologies, skills, applications and practices used to support decision making. Here are some common functions of Business Intelligence Technologies:

• reporting
• OLAP
• data mining
• analytics
• business performance management
• benchmarking
• text mining
• business analysis

Business Intelligence is often referred to as a Decision Support System (DSS) because the goal is to provide better hard-factual information that can be used in making decisions. There are three types of information that BI can provide:

1. historical
2. current
3. predictive

Background:

IBM researcher Hans Peter Luhn used the term business intelligence in a 1958 article. Luhn defined intelligence as: "the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal."

In 1989 Howard Dresner (later a Gartner Group analyst) suggested that BI should be used as an broad term to describe "concepts and methods to improve business decision making by using fact-based support systems."

Business Intelligence Overview and Stories Videos

Business Intelligence Overview and Stories – 4 Videos is a post from: IdealProgrammer.com

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