Business intelligence (BI)
Business intelligence (BI) is a broad category of applications that makes extensive use of databases to gather, store, analyze, and provide information to users to help them make good business decisions. Many companies use BI as a tool to provide themselves with a competitive advantage.
Using the Internet, research the components of BI applications and which companies are using them for in their businesses.
- How does Business Intelligence software help managers to make decisions?
- What are three components that BI applications offer to managers?
- What are two advantages of using BI applications?
- What are two disadvantages of using BI applications?
- What are three lessons learned from watching the lecture video?
Some sample Web sites:
http://www.businessintelligence.com (Links to an external site.)
http://www.sas.com/technologies/bi/ (Links to an external site.)
http://www.business-intelligence.co.uk/ (Links to an external site.)
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