Bundle: Fundamentals of Information Systems, Loose-Leaf Version, 9th + MindTap MIS, 1 term (6 months) Printed Access Card
Bundle: Fundamentals of Information Systems, Loose-Leaf Version, 9th + MindTap MIS, 1 term (6 months) Printed Access Card
9th Edition
ISBN: 9781337598484
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 6, Problem 1LO
Program Plan Intro

Definition of business intelligence and analytics.

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Business analytics is the methodology of using data and quantitative analysis techniques to support fact-based decision making of an organization. Business analytics is mainly used to understand the current business performance, find new business partners, optimize current operations, and predict future results of business.

Business intelligence (BI) is the approach which uses various applications, practices, and technologies to support improved decision-making of an organization. Various tasks done under the scope of BI are: extraction, transformation, integration, visualization, analysis, interpretation, and presentation of data. Data which is used by BI can come from multiple sources and can be internal and external as well.

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