Business Intelligence is an all-encompassing term that is used to refer to a broad range of software applications that are employed to analyse and process an organization’s raw facts and figures. The data trailed leads back to the 1970s, when intellectuals first made the argument that what predicted the best performance in business were not traditional academic aptitudes, nor school grades, nor credentials. If you want to design an effective corporate dashboard for your business intelligence technology, you will need to decide on some design goals.
From the point of view of information technology, we can say that BI is a set of methodologies, applications and technologies that allow a business to the group and transform the data obtained from structured information systems to do analysis and information generation and improving the process decision-making of the business.
Proper management of organizations, regardless of their size and scope of economic activity goes through the effective management of projects that generate and execute it. And moreover if these actions take place in an international setting, where in addition to cultural diversity may influence other factors such as generation, companies need to have professionals with the skills and adaptability required to address different situations.
Probability theory, statistical analysis methods, operational research and artificial intelligence are the tools to be used within this stage. This has resulted in the situation being almost reversed; the technology can deliver more that most users need when they start out with a business intelligence project.
As an example, for a sales database, the dimensions could include Product, Time, Store, etc. Business Intelligence is the broader concept of the use of intelligence in organizations. Supporting analytics offer context and diagnostic information to know why a key performance indicator is showing specific information.