Friday 24 May 2013

Business Intelligence

It is a set of theories, methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information for business purposes. BI can handle large amounts of information to help identify and develop new opportunities. Making use of new opportunities and implementing an effective strategy can provide a competitive market advantage and long-term stability.

BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytic s, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analyst.

Qlikview is one of the BI reporting tool.

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