Group 8 Tejaswini Sepideh TejoRam Suvashree Rahul

What is Business Intelligence

The term Business Intelligence (BI) represents the tools and systems that play a key role in the strategic planning process of the corporation. These systems allow a company to gather, store, access and analyze corporate data to aid in decision-making. BI can handle large amounts of information to help identify and develop new opportunities.

Examples of BI
The Oracle Business Intelligence Suite Enterprise Edition plus (EE) is a comprehensive suite of enterprise BI products. Oracle Business Intelligence Suite EE Plus platform is based on a proven, modern Web Services-Oriented Architecture that delivers true next-generation BI capabilities.

Examples of BI
SAS Business Intelligence gives you the information you need, when you need it, in the right format. By integrating data from across your enterprise and delivering self-service reporting and analysis, IT spends less time responding to requests and business users spend less time looking for information.

History
In a 1958 article, IBM researcher Hans Peter Luhn used the term business intelligence. He defined intelligence as: "the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal. Business intelligence as it is understood today is said to have evolved from the decision support systems.

How does it work?

Key stages of BI

Stages of BI
Data Sourcing: One of the trickiest parts of a data warehousing project is to determine where we should get the data from. Analysis of data: Is a process of inspecting, cleaning, transforming, and modelling data with the goal of highlighting useful information, suggesting conclusions, and supporting decision making

Stages of BI
Situational awareness (SA) involves being aware of what is happening in the vicinity, in order to understand how information, events, and one's own actions will impact goals and objectives, both immediately and in the near future.

Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal

Difference between Analytics and BI

Analytics: Business Analytical systems provide everything BI can do plus an additional level of functionality the statistical analysis tools to complete tasks such as forecasting, regression, and modelling.

BI: Business Intelligence is one of the key components from SAS that ties into a suite of analytic techniques, information handling and performance infrastructures needed to deliver the insights through relevant Business Intelligence offerings.

Where is it used?
In Retail industry
In the retail industry, Business Intelligence (BI) and Corporate Performance Management (CPM) is a delicate balance. But, the gathering and analysis of business intelligence is not as easy as it may seem. If the retailer is to remain competitive, executives, managers and business users must have access to the most complete information with full insight into results and critical issues and the ability to quickly analyse, present and report these results to support decisions and adapt to the changing market.

Where is it used?
In Telecom Industry
The Telecommunication market is growing rapidly with new technological innovation and new service providers thereby creating a competitive platform. For collecting high-quality and updated information and then analyzing them requires Business Intelligence (BI) technology. This article explains some of the useful points on the importance of BI solution in telecommunication industry.

Where is it used?
In IT sector
IT and Business Intelligence work together to perform the data related tasks that organizations need to have done. Information Technology is present in almost all of the tools provided by the Business Intelligence systems. Most obvious Business Application that works directly with Information Technology are Statistics. Statistics help the managers and executives of an organization get a good idea of what is happening, what has happened, and what may happen within their enterprise.

Where is it used?
In Education Sector
Universities have Business Intelligence needs in a number of areas, including administration, enrolment and planning. Vital planning and organisational information needs to be made available in a timely manner to a large number of staff members and students. Often large unforeseen cost savings can be made and decision making improved through better data integration and more timely delivery of information to decision makers and administrators.