BUSINESS INTELLIGENCE

Cvijetin Maletić

doi:10.7251/OIK1301010M

Authors

Cvijetin Maletić

DOI:

https://doi.org/10.7251/OIK1301010M

Keywords:

business intelligence, BI, OLAP, Data Mining

Abstract

Business intelligence includes the processes, technologies and tools that help in transforming data into informations, informations into knowledge and knowledge into plans for management of the organization.

Business Intelligence (BI) systems help t: testing and analysis (ad-hoc reporting, analysis tools), reporting (dashboards, trend analysis) to plan, budget and forecast (plan - achieved) performance management (indicators). These systems provide a unique access to informations, response to business issues, and the use of BI systems throughout the organization.

The main limitations of BI software are high cost and long period of implementation of such a system.

An important concept related to the application of the business intelligence software is a Data Mining (mining). Data mining (Eng. Data Mining) can be defined as finding regularities in data. The areas in which Data Mining can be successfully applied are varied, for example, the company’s operations, economics, mechanics, medicine, and genetics and so on.

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