Interpreting business intelligence-What is Bi (Business Intelligence)

Interpreting business intelligence-What is Bi (Business Intelligence)

With the development of information technology, business intelligence (Business Intelligence) (inteligence) has become the focus of more and more attention. However, there are varied understandings of business intelligence. This article attempts to systematically organize the concept of business intelligence (Business Intelligence) and interpret the question "What is Business Intelligence (Business Intelligence.

Definition of business intelligence (from wiki)

The concept of business intelligence was first proposed in 1996. At that time, business intelligence was defined as a type of Data Warehouse (or data mart) and query reports, data analysis, data mining, data backup, and recovery.

Currently, business intelligence is generally understood as a tool that converts existing data in an enterprise into knowledge and helps the enterprise make informed business operation decisions.

The data discussed here includes orders, inventory, transaction accounts, customer and supplier information from the enterprise's business system, and data from the industry and competitors of the enterprise, and various data from other external environments where the enterprise is located.

Business Intelligence can assist in business operation decision-making at the operational layer, tactical layer, and strategic layer.

To convert data into knowledge, data warehouse, Online Analytical Processing (OLAP) tools, data mining, and other technologies must be used.

Therefore, at the technical level, business intelligence is not a new technology, but a comprehensive application of ETL, data warehousing, OLAP, data mining, data presentation, and other technologies.

Regard business intelligence as a kindSolutionIt should be appropriate.

The key to business intelligence is to extract useful data from many data from different enterprise operating systems and clean it up to ensure the correctness of the data, and then extract (extraction) transformation and load (ETL process) are combined into an enterprise-level data warehouse to obtain a global view of enterprise data, on this basis, appropriate query and analysis tools, data mining tools, OLAP tools, and other tools are used to analyze and process them (at this time, information becomes the knowledge of Decision-making assistance), and finally the knowledge is presented to managers, it provides support for the decision-making process of managers.

The key points of the above statement are as follows:

-Business Intelligence is (mainly) based on existing data.

-Business Intelligence is mainly used to assist enterprises in business management and decision-making and improve their operations.

-Business Intelligence mainly involves analyzing data and providing it to people in need.

-Business Intelligence is a combination of multiple technologies.

From: http://www.runqian.com.cn

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