Unit 1
Unit 1
UCT I O N TO
INTROD E NCE ( BI )
INTE L L IG
UNIT-1
By: Prof. K.V. PAVAN KUMAR,
Methodist College of Engg & Tech.,
Abids, Hyd.
1. BUSINESS INTELLIGENCE -
DEFINITION:
The term Business Intelligence
(BI) refers to technologies,
applications and practices for the
collection, integration, analysis, and
presentation of business
information.
The purpose of Business
Intelligence is to support better
business decision making.
HISTORY AND EVOLUTION OF
BUSINESS INTELLIGENCE:
At the very beginning, historical
data mining methods and tools
were used for strategic managerial
reporting purposes.
The second evolutionary stage is
characterized by On-Line Analytic
Processing (OLAP) technologies and
dimensional analysis of data stored
in data warehouses and data marts.
In the third stage Balanced
Scorecard methodology is used as a
means of Business Intelligence
creation.
With the emergence and growing
popularity of EBusiness and other
Internet applications and services
the new stage of BI appeared since
Web analytics and Web mining as a
form of BI began to attract the wide
professional attention.
The fifth development stage started
when usage of Business Dashboard
technology became a core
component of alerting and alarming
systems in business decision-making
supported by BI.
Region
Product