BI meaning in Information Technology ?

tuteeHUB earn credit +10 pts

Answer:

What is Business Intelligence mean?

Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations.

Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.

BI technologies can handle large amounts of structured and sometimes unstructured data to help identify, develop, and otherwise create new strategic business opportunities. They aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.

Business intelligence can be used by enterprises to support a wide range of business decisions ranging from operational to strategic. Basic operating decisions include product positioning or pricing. Strategic business decisions involve priorities, goals, and directions at the broadest level. In all cases, BI is most effective when it combines data derived from the market in which a company operates (external data) with data from company sources internal to the business such as financial and operations data (internal data). When combined, external and internal data can provide a complete picture which, in effect, creates an "intelligence" that cannot be derived from any singular set of data.

Among myriad uses, business intelligence tools empower organizations to gain insight into new markets, to assess demand and suitability of products and services for different market segments, and to gauge the impact of marketing efforts.

BI applications use data gathered from a data warehouse (DW) or from a data mart, and the concepts of BI and DW combine as "BI/DW"or as "BIDW". A data warehouse contains a copy of analytical data that facilitate decision support.

reference
Full Form Category
Bibliographic Instruction Academic & Science
Behavioral Intention Academic & Science
Biological Indicator Academic & Science
Beatson Institute Academic & Science
Biot Number Academic & Science
Bank Indonesia Banking
Bank of Italy Banking
Brass Impeller Business
Batteries Included Business
Bac International Business
BEACHCOMBERS International Business
Bellevue Inn Business
Business Invigoration Business
Bavarian Inn, Frankenmuth, Michigan Business
Brand India Business
Business Indigestion Business
Business Integration Business
Bell Industries, Inc. Business
Banner Impressions Business
Business Improvement Business
Boehringer Ingelheim Business
Bohemia Interactive Business
Brand Identity Business
Bismuth Chemistry
Blessings International Community
Bitter Irony Community
Block Imperfect Community
Bishop Ireton Community
Beth Israel Community
Binary and Includes Computer Assembly Language
Binary Input Computer Assembly Language
Byte Integer Computer Assembly Language
Bus Invert Computer Hardware
Basic Instrument Computer Hardware
Bus In Computer Hardware
Backplane Interconnect Computer Hardware
Back Illuminated Computer Hardware
Basic Instructions Computing
Business Interruption Computing
Bullet Icon Computing
Burundi Country Names
Bintang, Indonesia Country Specific
Burn In Electronics
Basic Source Code Include File (visual Basic) File Type
Beautiful Ini General
Bloomsbury Intellectual General
Biographical Inventory General
Bismuth In General
Biggest Impact General
A Bi Is General
But I General
Block I General
BI is General
Behavioral Imaging General
Bogus Information General
B*B*tch Idiot General
Back In General
Bond Issue General
Braindead Idiot General
Big Inconvenience General
Boring Idiot General
Brown Index General
Beckman Instruments Governmental
Body Inspector Governmental
British Intelligence Governmental
Basically Irrelevant Governmental
Bureau of Investigation Governmental
Background Investigation Governmental
Block Island Governmental
Bodily Injury Governmental
Bad Influence Governmental
Bar Induction Governmental
BARI SADRI Indian Railway Station
Business Intelligence Information Technology
Biella (Provence) International
Brigada de Interior International
Broadband Internet (or Broadband) Internet
Briedbart Index Internet
Best Individual Jobs
Bilinear Interpolation Maths
Basic Invarlant Maths
Binary Icosahedral Maths
Behavioral Intervention Medical
Baroclinic Instability Medical
Bone Index Medical
Burns Institute Medical
Brain Injury Medical
Bi-sexual Messaging
Beyond Incredible Messaging
Battlefield Interdiction Military and Defence
Battlefield Injury Military and Defence
Bomb Island Military and Defence
Basic Indoctrination Military and Defence
Backup Interface Networking
Built-in Real Estate
British India Regional
Bislama Regional
Build Index Softwares
Buffered Image Softwares
Batted In Sports
Royal Brunei Airlines Transport & Travel

Report

Posted on 20 Dec 2024, this text provides information on Miscellaneous in Information Technology related to Information Technology. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Information Technology
webstory list tuteehub
Electronics and Communication in Information Technology
webstory list tuteehub
Miscellaneous in Information Technology


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Important Information Technology Links

open app imageOPEN APP