Business intelligence is a collection of computer-based techniques used in extracting, identifying and analyzing business data. BI technologies provide current and predictive views of business operations. Common functions of BI technologies are reporting, online analytical processing, data miningand more. Its aim is to support better business decision-making and, as a result, a BI system can also be known as a decision support system (DSS).
To drive business value, BI can be applied to a number of business purposes. These include measurement, analytics, reporting, collaborationand knowledge management. Business intelligence applications can also be mission-critical and integral to an enterprise’s operations; enterprise-wide or local to one division, department, or project; or centrally initiated or driven by user demand.