Business Intelligence

Business Intelligence

  • Submitted By: rcraighead
  • Date Submitted: 08/28/2014 1:41 PM
  • Category: Business
  • Words: 3905
  • Page: 16
  • Views: 2

Business intelligence (BI) is a grouping of different resources
that affect the way data is utilized within businesses. The
technologies available with business intelligence focus on
utilizing the data within a company the best possible way. The
successfulness of business intelligence relies on the constant
evolving of the solutions as well as the scalability of the
program. Business intelligence solutions are available in self-
service options as well mobile choices and use on the cloud.
Business intelligence has and is making a big impact on
companies all over the world in many different ways.

Business Intelligence is a set or collection of
concepts, procedures, styles, and technologies that change
basic data into beneficial and valuable information for
business related purposes. One main purpose of business
intelligence is to take on large amounts of indistinct data
in order to piece together and create new opportunities for
a variety of business types. (Cooper & Schindler, 2014)The
incorporation of business intelligence helps businesses process
large amounts of data easily in order for the business to take
on new prospects and put into place new and effective strategies
for the business to gain market advantage and achieve long-term
stability. (Jullens, 2013)
The technologies utilized by business intelligence
incorporate past, present and future possibilities for business
procedures. Business intelligence utilizes presentations and
technologies to collect, accumulate, examine and provide access

to data to help businesses make more educated decisions in
regards to their company. “Without any doubts, business
decisions are only as good as the information on which they are
based.” (Muntean & Muntean, 2013, p. 85)The use of business
intelligence builds strong relationships between customers and
businesses by helping to improve the involvement and adaptations...

Similar Essays