Business Intelligence Software

Author: Jacques ter Huurne

Definition


A business intelligence system converts raw data, which is hardly useful into to actual useful data for a business to use. Business intelligence (BI) can handle extremely large amounts of unstructured data, and finds something strategically useful for the business that is using it.
Business Intelligence is a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical and operational insights and decision making.

Business Intelligence Software: an application software designed to retrieve, analyze and report data for business intelligence


Description

A business intelligence is a software which helps sort and organise information for and about a business. A BI gets most of the raw data from a data warehouse where information any information is stored and then accessible for many people and businesses. When the BI gets the data it wants it sorts and analyses the data for past, present and future information which the business needs.

In essence, it is a set of techniques and tools that transforms raw data into meaningful and useful information for company’s to examine current progress and determine future predicted results.

Explanation and application

Businesses who use BI's can examine the progress of their business, in a rather time efficient manner thanks to the BI having collected and sorted all of the data that it got from data warehouses. Businesses can also use BI's to see how well the business will be doing in the future by the BI analysing the rate at which the business is going and guesses that it makes for the future state of the economy (prediction & prognostic features).


Social & Ethical Issues Relevant to Case Study

You do not have to complete the whole table - please just add the most relevant issues.
Issue
Examples relevant to the case study
1.1 Reliability and integrity
- reliability and integrity of data input is critical, as a BI's display of current situation or future predictions may lead a company in making drastic decisions (eg. shut down or further invest/expand). A large financial stake is at risk, so there must be precautions into what the employees input.
1.2 Security
- passwords must be established, otherwise sensitive information regarding the company's business progress and future can be leaked and examined by competitors, who may consequently adapt strategies to gain consumers from their competitors.
1.3 Privacy and anonymity
- these BIs may contain personal information regarding each employee, such as their address and phone number, but also how productive they are.
1.4 Intellectual property

1.5 Authenticity

1.6 The digital divide and equality of access

1.7 Surveillance

1.8 Globalization and cultural diversity

1.9 Policies

1.10 Standards and protocols

1.11 People and machines

1.12 Digital citizenship



References and resources

"Business Intelligence." Wikipedia. Wikimedia Foundation, 24 Aug. 2014. Web. 25 Aug. 2014.
<http://en.wikipedia.org/wiki/Business_intelligence>