Business Intelligence Is A Process Of Analyzing Data Essay

1. Business Intelligence is a process of analyzing data. This system is about gathering information from internal and external sourcing. This is for gathering vital information for a business’s needs. The goal of this term is to take hefty amounts of records and put more of a simple structure in place. Business intelligence can give an approach to focus on a direction. I also read that another term for this concept is called data surfing. 2. OLAP is an acronym for Online Analytical Processing which is the process to study and understand data rapidly. This software takes information and stores data in a multidimensional database. This concept works hand in hand with data mining. It basically takes the information performs an analysis on it and models it. 3. Data mining is often referenced to text mining. This concept is constructed of researching information, storing information, and presents information. This concept is mainly about the searching of patterns new or old. Along with discovering patterns it is about predicting them as well. Text Mining can be referred as text data mining. This concept involves controlled patterns of data involvement. This is a concept focused on the basic analytical techniques. This term has many different name, but is still defined as using a wide variety of countless data bases to retrieve information. The retrievals no matter where they are collected from are valuable to a business as long as they are from a reliable truthful source. 4.Show MoreRelatedThe Process Of A Business Intelligence System1376 Words   |  6 Pagesimplementing a business intelligence system. It continues to describe the technologies involved in a business intelligence system, as well as the purpose of the system and how it can help companies become a leader in the industry. Lastly, the report contains facts about industries that have implemented a business intelligence solution, how they use it, and the benefits they reap from the implementation. 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