Business Intelligence

Business intelligence (BI) is an important application for research and development in Information Systems (IS). We can tell how successful a business is from observing how successfully strategic business decisions are made. Business Intelligence (BI) is a set of tools mainly used for business decision making by managers. It is a business application to analyze business problems by generating reports that serve to help make strategic decisions.

A typical Business Intelligence architecture involves:

• Data Warehouse (DW)
• Extracting Transforming and Loading (ETL) of data
• Online Transaction Processing (OLTP)
• Online Analytical Processing (OLAP)

It is a combination of business analysis and artificial intelligence. Business Intelligence transforms unstructured data into meaningful knowledge based information can tell why it is needed and when should be proper time to take action. BI can process large volumes of data which may come from different sources and integrate them into an all round “360°” view.