|
Business Intelligence Applications leverage enterprise database sources to provide timely, accurate and targeted information across the enterprise. Business Intelligence Systems include software for Query, Reporting, On-Line Analytical Processing (OLAP), Data Mining and Analytical Applications.
|
|
Query, Reporting and OLAP solutions, to a large extent, analyze historical data to answer questions about business performance.
|
|
Data Mining software wouldn't be used so much to answer questions but to uncover hidden patterns such as "most men who buy milk and diapers at the grocery store also purchase beer".
|
|
Analytical Applications, in addition to leveraging historical transactional data, let users factor in external events (macroeconomic conditions) and change business assumptions to forecast future events.
|
|
Analytical Applications address business processes such as Budgeting & Planning, Customer Churn Analysis, Fraud Analysis and Sales Forecasting.
|
