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Explain the concepts and capabilities of Business Intelligence. Business Intelligence helps to manage data by applying different skills, technologies, security and quality risks. This also helps in achieving a better understanding of data. Business intelligence can be considered as the collective information. It helps in making predictions of business operations using gathered data in a warehouse. Business intelligence application helps to tackle sales, financial, production etc business data. It helps in a better decision making and can be also considered as a decision support system.
Business Intelligence is all about processes, skills, technologies, practices and applications used for supporting decision making.
Business Intelligence applications could perform
- Centrally initiated by the business needs
- It includes decision support system, query reporting, OLAP, data mining, forecasting
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