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Business Intelligence

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Why Use a Compass When You Can Use GPS?

Business Intelligence (BI) refers to the skills, technologies, applications and practices used to help a business predict, track, analyze and present information as it relates to business performance. Common functions of business intelligence applications are OLAP, data analytics, data mining, enterprise performance management (EPM) and predictive analytics.  BI transcends merely being a 'technology' - business intelligence systems require process transformation.

The ability to optimize performance within a company typically depends on a decision maker's ability to react upon the right information at the right time.  Information is delivered on demand at the right time in ways that are beneficial to business leaders and optimize performance.   Business Intelligence aims to support better decision-making.

The Business Intelligence market will continue to evolve by including more components into business analytic solutions.  Some of those business analytic activities will be accessed via reports, dashboards or alerts to various devices, while other activities will involve more advanced techniques, such as predictive analysis.

 

 

 

 

Endorsements from The ETCC

  • The ETCC Forum

  • BI 2.0

The Enterprise Technology Convergence Council (The ETCC) is a forward-thinking community of knowledge workers who share a passion for providing technology convergence of structured and unstructured content - that sees beyond information technology silos.  Request an invitation to The ETTC on The Enterprise Technology Convergence Council .

Most business intelligence applications to date have focused on analyses in support of decisions that have already been made. Ikoex focuses on those technologies and processes representing the new generation of BI - that is more proactive than reactive (such as merely analyzing data or reports after the fact.)  Our mission is to help you make decisions as or before events happen.
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