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BI (Business Intelligence) is a term commonly associated with DW (Data Warehousing). In fact, many of the tool vendors position their products as business intelligence software rather than data warehousing software. There are other occasions where the two terms are used interchangeably.
BI is the ability for an organisation to take all its capabilities and convert them into knowledge, ultimately, getting the right information to the right people, at the right time, via the right channel. This produces large amounts of information which can lead to the development of new opportunities for the organisation. When these opportunities have been identified and a strategy has been effectively implemented, they can provide an organisation with a competitive advantage in the market, and stability in the long run.
BI also refers to the information that is available for the enterprise to make decisions on. A data warehousing (or data mart) system is the backend, or the infrastructural, component for achieving business intelligence. Business intelligence also includes the insight gained from doing data mining analysis, as well as unstructured data (thus the need for content management systems).
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.
Eron Infoways BI experts have delivered end-to-end solutions for many global organisations that consider their customers as one of the foundation blocks for their business. Our BI teams not only consist of the experts in implementation of third-party software, but also are capable of developing the completely custom-tailored BI software for addressing the unique needs of your business.
Eron Infoways with experience in establishing and streamlining our clients BI requirements across the globe has created a mature leading BI/DW practice enabling our customers to take informed business decisions. Our BI/DW practice has matured over the years and now offers solutions in most industry’s leading technologies Microsoft, Oracle, SAP, Business Objects, Pentaho and Qlikview.