Business intelligence (BI) primarily refers to computer-based techniques that are used in identifying, extracting, clarification needed and analyze business data, such as product sales revenue and/or Department, or expenses related to income.
BI technologies provide a view of the history, present and prediction of business operations. General functions of business intelligence technology report online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining and predictive analytics.
Business intelligence aims to support decision making business better. Thus a BI system can be called a decision support system (DSS). Although the term business intelligence is sometimes used as a synonym for competitive intelligence, because they support the decision making, BI using the technology, processes and applications to analyze the most internal data, structured and business processes while competitive intelligence gathering, analysing and disseminating information with topical focus on the company’s competitors. Business intelligence well understood area may include the competitive intelligence.
Business intelligence as understood today is said to have evolved from decision support system that began in the 1960s and developed since the mid-1980s the DSS came from computer-aided model created to help with decision making and planning. From the DSS, data warehouse, Executive information systems, OLAP and business intelligence came into focus began in the late 80 ‘s.