Business Intelligence for a Commendable Business Analysis

Definition of Business Intelligence: -

The term business intelligence may be explained as the process of raw data processing into meaningful information for performing business analysis successfully. Business intelligence is also known as BI in short, which includes implementing huge unorganized data for recognizing and developing innovative strategies for unraveling more opportunities of the business. In a nutshell, business intelligence offers easy access and interpretation of enormous information for ensuring competitive market advantage, as well as stability for the business.

Textbooks on Business Intelligence: -

The following books offer valuable information based on business intelligence:

• Business Intelligence: The Savvy Manager's Guide, Getting Onboard with Emerging IT, David Loshin, 2003.
• Effective Business Intelligence Systems, Robert J. Thierauf, 2001.

Examples of Business Intelligence: -

• Multidimensional aggregation
• Statistical inference

These are some of the vital components of business intelligence.

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