Business Rules and Business Intelligence

Business intelligence (BI) merges architectures, tools, databases, analytical tools, applications, and methodologies. It also is context free like DSS. BI deduces the connections between business entities by evaluating copious volumes of historical data which supports decisions. BI has four major components consisting of a data warehouse, business analytics, business performance management, and a user interface.

Business Intelligence (BI) is the consolidation and analysis of internal data and / or external data for the purpose of effective decision-making. At the core of all BI initiatives is a data warehouse to hold the data and analytics software. The data warehouse stores data from operational systems in the organization and restructures it to enable queries and models to extract decision support reports.

First off, why do we need a business intelligence system for our business? Simply put, an effective

The value of Business Intelligence increases as the delivery of information is embedded in the processes and systems of the enterprise which results from all data being store for end users. The BI software seems to be very efficient in its

Business intelligence (BI) is defined as the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes. BI has been around long before computers and access to the internet. For example, an old ship building yard would have to keep track of its various transactions, employees, profit, suppliers, materials, etc. The shipyard owner would then turn this collected raw data into useful information in order to figure out where the company is going wrong and where it can improve. If the suppliers have not shipped on time for weeks the shipyard would know to find more reliable suppliers - this is a very simple example of utilizing business intelligence. In

Realizing that the business rules are consistent across an organization, that the data and its use are immutable and information flow is standardized, and the connectivity and interoperability are managed across the enterprise.

All great organizations share one thing in common, the use of business intelligence. Business intelligence (BI) provides tools that revolutionize the way organizations manage business and decision-making. It allows them to transform mass amounts of raw data into reliable information necessary to make important business decisions. BI delivers relevant and reliable information to those who seek it with the goal of achieving better decisions faster. An employee is independently able to navigate through a company’s data and find what he or she needs without relying on others. This means an organization no longer needs to dig through compiled webs of linked spreadsheets, analyze the data manually and mash together reports. Instead, employees can use BI systems to request the specific information that is useful for them (Hitachi Solutions Canada, 2014). BI allows managers to reach the most accurate and contemporaneous information an organization’s database cannot retrieve. The software offers applications for both data analysis and presentation of results. Applications such as data mining and decision support systems allow one to contemplate how he or she wants to analyze the data. Data mining refers to the process of searching for valuable business information in a large database, data warehouse, or data mart. Decision support systems combine models and data in an attempt to analyze semi structured and some unstructured problems with

In the almost 5 years of working in IT I have learned that Business Rules are just as important as the air we breath, without them we just can 't live. According to Servicenow a “business rule is a piece of JavaScript that runs when records are displayed, inserted, updated, or deleted, or when a table is queried”(2015). Business rules are extremely important in any work environment and without business rules it is hard to lead groups or individuals. What business rules provide is a straightforward procedure that can be followed by everyone to improve efficiency and cut down mistakes. Business rules are the key to success for today 's IT Departments that are constantly dealing with new problems.

decision making is the critical strategy in modern business. As a result, BI which was initially

Business intelligence solutions are very significant to an enterprise performance and capabilities at all levels. They help the business to be more efficient, identify new business opportunities and spot areas of cost savings. Timely access to relevant information has been a hindrance to many business successes. The management is always necessitated to base its decision on the full range of information available but the business always has a huge amount of data (IBM, 2014). Due to the current escalating competition that is eroding the business loyal customers, they are required to install

In the enterprise world, business intelligence has become a common necessity in every organization whether big or small. According to Shollo and Kautz (2010, p. 1), business intelligence is defined as ‘a process, a product, and as a set of technologies, or a combination of these’. Input from a wide range of corporate stakeholders is essential to implement an effective corporate business intelligence strategy. The purpose of a corporate business intelligence strategy is to aid business with planning in a long run, to aid middle management with tactical reporting, and help operations with daily decision making to efficiently run a business (Pant 2009). A stakeholder is anybody who has an interest in a particular decision which includes people who influence a decision, or could influence it, as well as those affected by it. Contribution of corporate stakeholders in corporate business intelligence strategy will result in the strategy to be successful as well as yield more positive stakeholders.

Business Intelligence is the gathering and analysis of large amounts of information so as to gain insights that propagate strategic and tactical business decisions. Business Intelligence is the mix of the processes and technologies which change data into information. It includes a wide category of technologies, including data warehousing, multidimensional analysis or online analytical processing, data mining and visualization, as well as basic queries and multiple types of analytical tools for reporting. These technologies allow business stakeholders to collect, store, access, and do the analysis of data to improve the business decision-making capabilities.

The old system provided outdated data reports and “Sanitized”. This caused some managers to fabricate and manipulate their data information to make their departments “look better” to general management. The managers needed accurate and correct information daily. This gave them realistic view of what was occurring in the sale office and the plant floor. They did not want to be overloaded with data that was unnecessary. They needed to have real information that they

The first use of the term “business intelligence” was found in Richard Millar Devens’ 1865 work, Cyclopaedia of Commercial and Business Anecdotes. He used it to describe the understanding banker Sir Henry Furnese had of political issues, instabilities, and the market before his competitors. It was not until 1958 that IBM computer scientist Hans Peter Luhn recognized the potential of business intelligence. Since then, Business Intelligence has continuously evolved from when it started as an automated system to disseminate information to the various sections of any industrial, scientific, or government organization (BetterBuys).

Organisations can improve the quality of their business information by ensuring there data is up-to-date, gathered at the right period of time so it’s not out of date and is stable information that can be used by organisations. This sort of information needs to be updated regularly to keep up with the constant information so this is available any time when needed. In addition, if the bank needs information from financial section in 2008, they should be able to provide with the precise information from the exact year. For e.g. if in the business the sales department needs information on the deliveries in past 3 years then the delivery department needs to supply them with the exact