Business Intelligence Definition:-
The business Intelligence is getting ”RIGHT INFORMATION TO THE RIGHT PEOPLE AT RIGHT TIME.”
BI consists of two words:
- Business
- 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.
Business Intelligence
Component Framework of BI
Framework of business intelligence
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