Business intelligence (BI) is a set of theories, methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information for business purposes. BI can handle large amounts of information to help identify and develop new opportunities. Making use of new opportunities and implementing an effective strategy can provide a competitive market advantage and long-term stability.
BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
Effective business intelligence systems must account for the goal oriented behavior of decision makers. One way to incorporate the purposive behavior of decision makers in BI systems is the use of the frame as the basic building block of a pervasive BI system architecture. It does this since a frame is a “scheme of interpretation” in which the particulars of events and activities are organized and made sensible. The frame organizes the world according to the goal oriented behavior of the frame owner. Specifically, the frame captures the two parts of decision makers’ goal oriented behavior. The first are the objectives disseminated from the ESM in the form of scorecards. These provide the goals that guide the activities of the business unit. The other part is the experience of the business unit leader. It is their experience that provides the guidance for how to achieve the objectives. The goal oriented behavior of the frame owner is codified in a business unit strategy map based on the objectives that the unit must achieve along with the means of achieving those objectives.
The Pentaho suite consists of two offerings, an enterprise and community edition. The enterprise edition contains extra features not found in the community edition. The enterprise edition is obtained through an annual subscription and includes extra support services. Pentaho’s core offering is frequently enhanced by add-on products, usually in the form of plugins, from the company itself and also the broader community of users and enthusiasts.
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The Complete Business Intelligence Suite
The Palo BI Suite combines four core BI applications — Palo OLAP Server, Palo Web, Palo for Excel and ETL Server — into one comprehensive and customisable BI platform. Palo is the Open Source product representing a BI solution which is available entirely free of any license fees. Palo is developed since 2007 by the german based Company Jedox AG.
Cognos Business Intelligence – IBM
IBM Cognos Business Intelligence provides reports, analysis, dashboards and scoreboards to help support the way people think and work when they are trying to understand business performance. You can freely explore information, analyze key facts and quickly collaborate to align decisions with key stakeholders.