Technology with the Business Intelligence

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ABSTARCT-This paper depicts the technology with the business intelligence such as “master data management, benchmarking and BPM” etc. Business intelligence (BI) software is a collection of decision support technologies for the enterprise aimed at enabling knowledge workers such as executives, managers, and analysts to make better and faster decisions. The past two decades have seen explosive growth, both in the number of products and services offered and in the adoption of these technologies by industry. Enterprises today collect data at a finer granularity, which is therefore of much larger volume. Businesses are leveraging their data asset aggressively by deploying and experimenting with more sophisticated data analysis techniques to drive business decisions and deliver new functionality such as personalized offers and services to customers. Today, it is difficult to find a successful enterprise that has not leveraged BI technology for its business. Keywords- sixth sense, applications of sixth sense with BI, tools of BPM and data cleansing. INTRODUCTION: Business intelligence (BI) is a set of methodologies, technologies that transforms raw data into a meaningful and useful information for business purpose. BI can handle enormous amounts of unstructured data to help identify and sometimes classifying the data type for creating new opportunity for business people. BI also makes interpreting the data in a S.V. Shabarikanth, I MBA “B”, KCT(Kumaraguru College of Technology) Business School, Coimbatore. E-Mail: shabarikanth@gmail.com. user friendly manner. Some of the BI related to management are Mater data management, benchmarking, business performance management etc. MASTER DATA MANAGEMENT: Master data management (MDM) compri... ... middle of paper ... ...l of Information Science, (26)3, pp. 139. 3) Smith, M. (2002) “Business Process Intelligence – BI and Business Process ManagementTechnologies are Converging to Create Value Beyond the Sum of their Parts”, IntelligentEnterprise, Dec. 5, 2002, pp. 26. [LexisNexis Academic]. 4) Whiting, R. (Jan. 13, 2003) “Look Within—Business-Intelligence Tools have a New Mission:Evaluating All Aspects of a Company’s Business”, InformationWeek, pp. 32. 5) Watson, H. J., and Wixom, B. H. 2007. “The Current State of Business Intelligence,” IEEE Computer (40:9), pp. 96-99. 6) The Next Generation of Business Intelligence: Operational BI White, Colin (May 2005). "The Next Generation of Business Intelligence: Operational BI". Information Management Magazine. Retrieved 2010-02-21. "The biggest growth area in operational BI analysis is in the area of business performance management (BPM)."

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