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Introduction of
Business Intelligence What is BI?
Business Intelligence is the processes,
technologies and tools that help us change data into information and from that information we get the knowledge and then make plans that guide organization. Technologies for gathering , storing, analyzing and providing access to data to help enterprises make better decisions. Importance of Business Intelligence
BI empowers organizations to harness the data
effectively, gaining actionable insights that drive informed decision making. By analyzing historical and real-time data, businesses can identify trends, opportunities and threats, enabling them to adapt quickly to changing market conditions. Role of data
Data is the main component in this process and effective
decision making begins with the collections and analysis of relevant data. By gathering information from various sources such as internal databases, customer interactions, and market trends, organizations can gain a comprehensive understanding of their environment. Components of Business Intelligence Data Warehousing :- Centralized repositories for structured data Data Mining:- Extracting patterns and insights from large datasets Data Visualization:- presenting data in a visually compelling manner Reporting and Dashboards:- summarizing and displaying Key metrics Data Warehousing
Data warehousing plays a crucial role in storing and
organizing vast volumes of data for analysis and decision making. A Data Warehouse is a centralized repository that stores structured, historical data from various sources within an organization. It serves as a foundation for business intelligence and analytics , providing a unified view of data for reporting, analysis and decision-making purposes. Data Mining
Data Mining is a technique that involves
extracting patterns and insights from large datasets to uncover hidden knowledge.
It involves transforming raw data into actionable
insights to support decision making and strategic planning within organizations. Data Visualization
Data Visualization is a powerful tool that transforms
complex data into easily understandable visual representations. Data visualization involves the creationof graphical representations such as charts, graphs and dashboards to convey insights and trends within datasets. It enables stakeholders to grasp key information quickly, facilitating data-driven decision making and communication within organizations. Reporting and Dashboards
Reporting and dashboards are essential tools in
business intelligence which provides concise summaries of Key metrics and trends. It involves the structured , standardized , summaries of data to facilitate decision-making and communication within organizations. BI tools IBM Watson Tableau Google Looker Studio Thank you