Business Intelligence(BI) 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:-

• BUSINES REQUIREMENT
• BUSINES 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

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