Business Development

The term Business Intelligence was first used in the month of September in the year 1996. This occurred in a Gartner Group report which predicted the use of accurate and current information to stay ahead of competition. Now if you haven’t heard the term Business Intelligence, I will explain it to you. Business Intelligence is classified as a class of applications and technologies used in a business for a competitive edge over rivals.

These applications and technologies gather, store and analyze the data. They also provide access to this data which helps you to make decisions for better productivity, efficiency and profitability of your enterprise. These applications can be categorized in a number of ways using different criteria such as-

1. Importance:

The applications are classified on the basis of their importance in the running of the enterprise. The importance may range from mission critical to occasional.

2. Scope of the application:

The applications can be classified on the basis of their scope that is the application could be Enterprise wise, department wise, product wise, project wise, etc.

3.

Initialization:

Some of these applications that you use for Business Intelligence are centrally initialized. Yet others can be initialized by users based on demand.

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