Strategic Planning

Business Intelligence DefinitionProducts Relating to 'Business Intelligence Definition'

Did you know this about Business intelligence definition...

The first question that comes to the mind is – "What is business intelligence?"

Business intelligence (BI) is a term that is used to refer to a broad category of technologies that are used for providing access to data that helps people make better business decisions. The term 'Business-Intelligence' represents the tools and systems that play a key role in the strategic planning process of a company.

Hence, enterprise intelligence is used as a reference to those systems that allow a company to gather, store, access and analyze data to aid in decision making.

Bizness Intelligence Systems are used to augment economic development, workforce development and business maintenance and growth. Business Intelligence Systems for the purpose of Business Retention and Expansion (BRE) are designed to store and report data used for multi-dimensional, holistic economic development strategies. They aid in the judgment processes by using communication know-how, data, documents, knowledge, and systematic models to identify and solve issues.

Business Intelligence database software tools make use of community profiling to measure community assets. They also aid professional site location consultants in advising businesses on the most probable business location and/or relocation.

Economic development measurements like job creation, economic output and taxable basis are also kept within the business intelligence database system. Generally these systems illustrate business intelligence in the areas of customer profiling, customer support, market study, product productivity and statistical study.

Many companies collect a large amount of data from their business processes. To keep track of that information, they need a wide range of software programs like Microsoft Excel, Access and the like. Using multiple software programs makes it difficult to retrieve information in an organized manner. Business definition intelligence provides ease and comfort for retrieving the data in a timely and organized manner.

Outline view of business intelligence application:
· Mission-critical and integral to an enterprise's operations or occasional to meet a special requirement
· Enterprise-wide or local to one division, department, or project
· Centrally initiated or driven by user demand

Article Published: Monday 12th March 2007