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MBA Knowledge Base: The Five Stages of Business Intelligence
MBA Knowledge Base: The Five Stages of Business Intelligence
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Business Intelligence is the process of transforming related business data into information, information into knowledge and
with repetitive identification turning knowledge into Intelligence.
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.
A set of methodologies, processes, architectures, and technologies that leverage the output of information management
processes for analysis, reporting, performance management, and information delivery.
Business Intelligence is neither a product nor a system. It is an architecture and a collection of integrated operational as
well as decision-support applications and databases that provide the business community easy access to business data.
BI is the delivery of accurate, useful information to the decision makers within the needed time frame to enhance
decision making.
BI is not just some facts and figures on a printed report or computer screen. BI provides foundational information on
which to base a decision. BI also provides feedback information that can be used to evaluate a decision.
BI systems enable organization to provide the users an insight about the company’s information assets.
at different times. It is about helping you weigh up the current and future risk, cost or benefit of taking one action over
another, or making one decision versus another. It is about inferring and summarizing your best options or choices.
5. Decision support: Business Intelligence is about using information wisely. It aims to provide warning you of important Related Articles:
events, such as takeovers, market changes, and poor staff performance, so that you can take preventative steps. It seeks by Edugram
to help you analyze and make better business decisions, to improve sales or customer satisfaction or staff morale. It
presents the information you need, when you need it. By clicking the button, you are accepting the
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