What Is Business Intelligence? Definition & Example
According to Merrill Lynch, more than eighty five{af533791013bbec58b675642634a890af24f273ce03907ea13000dc016cb3de8} of all business info exists in these forms; a company would possibly solely use such a document a single time. Because of the way it’s produced and saved, this information is both unstructured or semi-structured. with analysis to gauge complicated corporate and aggressive data for presentation to planners and decision makers, with the target of improving the timeliness and the quality of the input to the decision process.” The capability to gather and react accordingly based on the knowledge retrieved, Devens says, is central to business intelligence. BI purposes use data gathered from a data warehouse or from a knowledge mart, and the ideas of BI and DW combine as “BI/DW”or as “BIDW”.
A information warehouse is a repository of analytical data that facilitates choice assist. Collaboration platform for the different stakeholders of business to work together.
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