business intelligence concepts methodologies tools and applications pdf


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PDF Business Intelligence: Concepts Methodologies Tools

Section 1 Fundamental Concepts and Theories This section serves as afoundationfor this exhaustive reference tool by addressing underlying principles 

  • What is business intelligence methodologies?

    Business intelligence techniques fall into three categories: data mining, data warehousing, and data visualization.
    Data mining is digging through a company's data to find necessary information, like insights into customer demographics or operational errors.

  • What is business intelligence what are its applications?

    Business intelligence (BI) uses software to convert reams of information into bite-sized insights to inform decision-making.
    The software receives data from a company's ERP system and other data sets via a sync tool or API.
    The BI tool then analyzes the data sets and presents findings in reports and dashboards.

  • Business intelligence gives organizations the ability to ask questions in plain language and get answers they can understand.
    Instead of using best guesses, they can base decisions on what their business data is telling them — whether it relates to production, supply chain, customers or market trends.

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