Business Intelligence

Business Intelligence – Definition and Framework

08/06/2018

Business Intelligence Definition:-

The business Intelligence is getting ”RIGHT INFORMATION TO THE RIGHT PEOPLE AT RIGHT TIME.

BI consists of two words:

  1. Business
  2. Intelligence

Howard Dresner defines BI as:-

“A set of concepts and methodologies to improve decision making in business through the use of facts and fact-based systems.”

BI is a concept of methodology to improve decision making in business through the use of facts and fact-based system.

Component Framework of BI

BUSINESS LAYER:-

  • BUSINESS REQUIREMENT
  • BUSINESS VALUE
  • PROGRAM  MANAGEMENT
  • DEVELOPMENT

ADMINISTRATION LAYER:-

  • BUSINESS ARCHITECTURE
  • DATA RESOURCE ADMINISTRATION

IMPLEMENTATIONAL LAYER

  • DATA WAREHOUSE
  • INFORMATION SERVICE

Advantages of BI:-

  • Faster reporting, analysis or planning
  • More accurate reporting, analysis or planning
  • Better business decisions
  • Improved data quality
  • Improve employee satisfaction
  • Increase operational efficiency
  • Improve customer satisfaction
  • Increased competitive advantage
  • Reduced costs
  • Increased revenues
  • Saved headcount

Disadvantages of BI:-

  • Cost
  • Complexity
  • Limited Use
  • Time Consuming Implementation
  • Muddling of commercial settings

Read about Digital Data in BI

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