Business Intelligence

Business Intelligence, also known as Business Intelligence, is abbreviated as BI.

Business Intelligence is commonly understood as a tool that transforms data available in an organization into knowledge that helps the organization to make informed business operations decisions. The data we are talking about here includes data from the business systems of the organization such as orders, inventories, transaction accounts, customers and suppliers from the industry and competitors in which the organization operates, as well as various data from other external environments in which the organization operates. The business operations decisions that BI can assist with can be at the operational level as well as at the tactical and strategic levels. In order to transform data into knowledge, technologies such as data warehouses, online analytical processing (OLAP) tools and data mining need to be utilized. Therefore, technically speaking, business intelligence is not a new technology; it is simply a combination of technologies such as data warehousing, OLAP and data mining.

The concept of Business Intelligence was first introduced in 1996 by the Gartner Group (GartnerGroup), which defines Business Intelligence as: Business Intelligence describes a set of concepts and methodologies that assist in business decision making through the application of fact-based support systems. BI technologies provide techniques and methods that enable organizations to rapidly analyze data, including collecting, managing, and analyzing data, transforming that data into useful information, and then distributing it throughout the enterprise.

Currently, there is no uniform academic definition of business intelligence. Business intelligence is usually understood as a tool that transforms data available in an organization into knowledge that helps the organization make informed business operations decisions. The data discussed here include orders, inventory, transaction accounts, customer and supplier information from the enterprise's business systems and data from the enterprise's industry and competitors, as well as a variety of data from other external environments in which the enterprise operates. The business decisions that BI can assist with can be at the operational level, as well as at the tactical and strategic levels. In order to transform data into knowledge, technologies such as data warehouses, online analytical processing (OLAP) tools and data mining need to be utilized. Thus, technically speaking, BI is not a new technology; it is simply a combination of technologies such as data warehousing, OLAP and data mining.

It can be argued that business intelligence is the process of collecting, managing and analyzing business information, with the aim of enabling decision makers at all levels of an enterprise to gain knowledge or insight, prompting them to make more favorable decisions for the enterprise. Business Intelligence is generally composed of data warehousing, online analysis and processing, data mining, data backup and recovery. The realization of business intelligence involves software, hardware, consulting services and applications, and its basic architecture consists of three parts: data warehouse, on-line analytical processing and data mining.

Therefore, it should be more appropriate to regard business intelligence as a solution. The key to business intelligence is to extract useful data from many data from different enterprise operation systems and clean them to ensure the correctness of the data, and then after extraction (Extraction), conversion () and loading (Load), that is, the ETL process, merged into an enterprise-level data warehouse, so as to get a global view of the enterprise's data, based on which the use of suitable On this basis, it is analyzed and processed using appropriate query and analysis tools, data mining tools, OLAP tools, etc. (at this point, the information becomes knowledge to assist in decision-making), and finally, the knowledge is presented to the managers to support their decision-making process.

Famous IT vendors that provide business intelligence solutions include Microsoft, IBM, Oracle,, BusinessObjects, Cognos, SAS, and others.

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