Business Intelligence

Effective business intelligence efforts start with high quality data. -Simran Jindal

According to http://www.wikipedia.org, Business Intelligence (BI) are the set of strategies, processes, applications, data, technologies and technical architectures which are used to support the collection, analysis, presentation and dissemination of business information. BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processinganalyticsdata miningprocess miningcomplex event processingbusiness performance managementbenchmarkingtext miningpredictive analytics and prescriptive analysis, and are capable of handling largr amounts of structured ans sometimes unstructured data to help identify, develop and otherwisr create new strategic business opportunities. The goal is 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.

In order to encourage more effective utilization of business intelligence tools, a reward program may be appropriate. 

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