Business Intelligence Business Intelligence and Decision Making Business Intelligence is a series of methodologies that uses services and software for transforming data and deliverables into actionable insights. This helps people at various levels in an organization to make information-based business decisions. The information is gathered with the help of some basic tasks such as data mining, online analytical processing, reporting, process mining, benchmarking, business performance management and complex event processing. ( Pratt and Fruhlinger What is business intelligence? Turning data into business insights ) Apart from some basic tasks, there are various Business Intelligence (BI) tools that support decision making and makes the tasks easier. Some of the examples of BI tools are mentioned below. § ...
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DATA ANALYTICS
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DATA ANALYTICS 1) Big data analytics tests huge amount of data to uncover hidden patterns, correlations and other insights. With today’s technology, it’s possible to research your data and obtain answers from it soon – an attempt that’s slower and fewer efficient with more traditional business intelligence solutions. Big data analytics is the use of advanced techniques against very large, diverse big data sets that include structured, semi-structured and unstructured data, from different resources, and in several sizes from terabytes to zettabytes. It are often defined as data sets whose size or type is beyond the power of traditional relational databases to capture, manage and process the info with low latency. Characteristics of massive data include high volume, high velocity and high variety. Sources of knowledge are getting more complex th...