What are the types of business intelligence?
The most important types of business intelligence tool features and functionality are:Dashboards.Visualizations.Reporting.Predictive Analytics.Data Mining.ETL.OLAP.Drill-Down..
What are the major components of business intelligence?
The five primary components of BI include:OLAP (Online Analytical Processing) This component of BI allows executives to sort and select aggregates of data for strategic monitoring. … Advanced Analytics or Corporate Performance Management (CPM) … Real-time BI. … Data Warehousing. … Data Sources.
What is business intelligence in simple terms?
Business intelligence (BI) combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations to make more data-driven decisions.
What is the role of business intelligence?
Business intelligence, or BI, is a type of software that can harness the power of data within an organization. These insights can help companies make strategic business decisions that increase productivity, improve revenues, and enhance growth. …