Business intelligence or BI refers to skills, processes, technologies, applications and practices used to support business decision-making. Core AI applications and techniques such as predictive analytics and machine learning have opened the door to a new generation within BI. Since AI can analyze massive quantities of data faster and deliver recommendations based on that data more effectively than before, a standard change is already happening, and its impact will be standardized across various verticals.
According to Forrester Research , business intelligence is “a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making.” 12 Under this definition, business intelligence encompasses information management ( data integration , data quality , data warehousing, master-data management, text- and content-analytics, et al.). Therefore, Forrester refers to data preparation and data usage as two separate but closely linked segments of the business-intelligence architectural stack.
Organisations need to react to the information they’re been given as this is where the value is added, this is what we refer to as BI culture, creating the mindset within the organisation to ensure people are getting the best out the business intelligence solutions to ensure the business is able to move forward.
Papers published in IJBIDM are geared heavily towards applications (use of intelligence data analysis and mining techniques in business applications), with an anticipated split of 70% of the papers published being applications-oriented, research and the remaining 30% containing more theoretical research.
Hail, Data Processing Due to regulatory requirements, statutory accounting practices and other external demands, together with a burgeoning management’s appetite for information, the ever-growing office spaces were becoming jammed with bursting-at-the- seems filing cabinets, filled with all manner of records of the company’s actions, transactions and anything else that mattered.