Business Intelligence (BI)

Business Intelligence (BI) systems provide a proposal that faces the needs of contemporary organisations. The main tasks that are to be faced by the BI systems include intelligent exploration, integration, aggregation and a multidimensional analysis of data originating from various information resources. Systems of a BI standard combine data from internal information systems of an organisation and they integrate data coming from the particular environment e.g. statistics, financial and investment portals and miscellaneous databases. Such systems are meant to provide adequate and reliable up-to-date information on different aspects of enterprise activities.

BI systems may be analysed from different perspectives. Decision makers and organisations should predominantly associate BI with organisational implementation of specific philosophy and methodology that would refer to working with information and knowledge, open communication, knowledge sharing along with the holistic and analytic approach to business processes in organisations.

BI systems are assumed to be solutions that are responsible for transcription of data into information and knowledge and they also create an environment for effective decision making, strategic thinking and acting in organisations. The value of BI for business is predominantly expressed in the fact that such systems cast some light on information that may serve as the basis for carrying out fundamental changes in a particular enterprise, i.e. establishing new cooperation, acquiring new customers, creating new markets, offering products to customers.