business intelligence practices technologies and management pdf
What is business intelligence in management information system?
What is business intelligence? Business intelligence combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations make more data-driven decisions.
Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
What is the role of technology in business intelligence?
The technology-driven process of business intelligence involves a variety of functions, technology tools, applications, and methodologies that help a company collect data, prepare analyses, develop and conduct queries of databases, and create reports.
Every function is used to support business decisions.
What are the 4 concepts of business intelligence?
The four key concepts of business intelligence (BI) are data collection, analysis, visualization, and decision-making.
Data collection involves gathering relevant information from various sources.
Analysis employs tools and techniques to derive insights and trends from the collected data.
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