Business Intelligence & Analytics

  Business Intelligence (BI) Techniques Here we will discuss the different techniques we use in Business Intelligence process.  Business Intelligence Techniques 1.   Analytics Analytics is a business intelligence technique that involves the study of available data to extract meaningful insights and trends. This is a popular BI technique since it lets businesses deeply understand the data they have and drive ultimate value with data-driven decisions. 2.   Predictive Modeling Predictive modeling is a BI technique that utilizes statistical techniques to create models that could be used in forecasting probabilities and trends. With predictive modeling, it is possible to predict the value for a particular data item as well as the attributes using multiple statistical models. 3. OLAP (Online Analytical Processing) Online analytical processing  is a technique for solving analytical problems with different dimensions. The most important value in OLAP is...

  How the Business Intelligence (BI) Process Works? Here we will discuss how the business intelligence process works. Businesses and organizations have questions and goals. To answer these questions and track performance against these goals, they collect and analyze the necessary data and determine what steps need to be taken to reach their goal. On the technical side, raw data is collected from the operation of the business. Data is processed and stored in warehouses. Once it is stored, users can start the analysis process and access the data to answer business questions. 2.       Data sets are analyzed to analytics data for analysis. 3.       BI Analytics and other analytics professionals and business users ask analytical questions against data. 4.       Inquiry results are built into data visualizations, dashboards, reports and online portals.  5.    ...

Introduction to Business Intelligence & Analytics Business Intelligence (BI) is the process of collecting, analyzing, and translating raw data into accurate, efficient, and meaningful information that can be used to make intelligent business decisions and business strategy. As part of the BI process, organizations collect data from internal IT systems and external sources, prepare for analysis, create queries against data, create data visualizations, and make BI dashboards, reports, and action plans available to business users. BI is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions. Business intelligence 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. As part of the BI process, organizations collect data from internal IT s...