Thursday, October 1, 2009

What makes the BI Framework?

Based on my last post on what is BI, and based on the definition of framework i.e. "A framework is a basic conceptual structure used to solve or address complex issue", I understand BI Framework is a very generic term that would be made of components like analytics, data mining, bench marking and OLAP such that they reside in a common application and generate reports for the business reference and use.

What is Business Intelligence?

BI is a set of skills (analytical, reporting), technologies (data mining, text mining, predictive analytics), tools (Informatica), practices (OnLine Analytical Processing OLAP, Benchmarking) that help businesses acquire better understanding of its commercial (sales, promotions, revenue) context.

BI technologies provide historical, current, and predictive views of business operations.

To define it simplistically BI is a group of concepts and methods used to improve business decision making by using fact-based support systems.


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