Business Intelligence

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Business Intelligence

The use of data to discover what is happening with a company. An example of business intelligence is the use of a computer program to look at financial statements to detect irregularities or other patterns. A company may do this to improve its own efficiency, an outside observer may do it to make recommendations or to invest, and a competitor may do it to find potential advantages.
References in periodicals archive ?
Recent interviews with 538 North American and European businesses conducted by Forrester, showed one-third predicting they will buy BI software or services during the year.
Most companies focused instead on criteria such as ease-of-use for report recipients (40%), ease-of-use for report designers (34%) and fast query performance (28%) when purchasing BI software.
Get your BI software selection project up and running in the right direction
With EasyAsk for Operational BI software, employees can also share reports generated from their own searches and make them available or searchable by other employees.
SaskTel's marketing department uses Hyperion BI software to determine the exact product configurations that will increase customer loyalty.
Before we introduced our open BI suite, many organizations were unable to fully leverage the information in their various databases because of the high cost, complexity and difficulty of deploying proprietary BI software," said James Dixon, Founder and CTO of Pentaho.
At a time when the business intelligence (BI) market is among the fastest growing worldwide(a), this group will deliver BI software efficiently and cost-effectively to small to medium-sized and midmarket businesses.
For yet another year Business Objects ended 2005 as the leading BI software vendor," said Dan Vesset, research director at IDC.