Business intelligence (BI) leverages software program and services to transform knowledge into actionable intelligence that informs a company’s strategic and tactical business decisions. Conventional codecs embrace bar graphs, pie charts and scorecards, whereas advanced knowledge visualization can create interactive and dynamic content, automatically choosing the perfect type of representation and personalizing content for the person.
With out correct information, or with too little quality data, any BI implementation fails; it doesn’t matter how good the administration sponsorship or enterprise-driven motivation is. Earlier than implementation it is a good suggestion to do data profiling This analysis identifies the content, consistency and structure.” 25 of the information.
The potential benefits of enterprise intelligence tools include accelerating and improving choice-making, optimizing inner enterprise processes, increasing operational efficiency, driving new revenues and gaining competitive benefit over business rivals.
Enterprise intelligence is a broad term that encompasses information mining , process evaluation, performance benchmarking , descriptive analytics , and so on. Enterprise intelligence is supposed to absorb all the information being generated by a business and present straightforward to digest efficiency measures and traits that may inform administration selections.
Sporadic use of the term enterprise intelligence dates back to a minimum of the 1860s, however consultant Howard Dresner is credited with first proposing it in 1989 as an umbrella phrase for making use of knowledge analysis strategies to help business choice-making processes.