Predictive Analytics: see Data Mining. I think some of the heavy hitters in Business Intelligence decided that Data Mining was boring and decided to “differentiate” themselves by having Predictive Analytics rather than Data Mining but the result = same, same… Continue reading
Monthly Archives: February 2012
Business Intelligence Buzz Words: Predictive Analytics
Business Intelligence Buzz Words: Data Mining
Data Mining: is a method of taking relevant data, removing “noise” and trying to identify trends and patterns. Those patterns are then used in a forecast model. You can change a few variables i.e. adjust the price of a product, or see what effect a marketing campaign to a demographic might have. Sounds great doesn’t it? … Continue reading
Business Intelligence Buzz Words: Meta Data
Meta Data: is data about data. OK, lame description but that’s basically what it is… Continue reading
Business Intelligence Buzz Words: Business Analysts
Business Analysts: are people with a rather misleading title. Often, to their dismay, Business Analysts (BAs) do little to no analysis. BAs often gather data from many different sources, such as a general ledger system, sales people, BI tools, spreadsheets, factory managers, CEO’s, market researchers, surveys, etc. They often then put… Continue reading
Business Intelligence Buzz Words: Analyse
Analyse: means deriving meaning then taking action from your historical and projected (forecast and budget) data. This is something most Business Analysts aspire to do but rarely get time for because they are using Excel instead of a good BI tool. … Continue reading
Business Intelligence Buzz Words: Tables
Tables: are the slowest and hardest database object for a business user when viewing reports and dashboards, and building new views of data. They are arguably a necessary evil for building the more useful cubes.… Continue reading
Business Intelligence Buzz Words: Dashboard
Dashboard: A dashboard is an on-screen or printed single report that should have specific information to help a person make decisions about what their next action is for that day, month, quarter or year. Dashboards should give you enough information to either worry about a part of the business you have control over, or not worry about it… Continue reading
Business Intelligence Buzz Words: Transactional Reports
Transactional Reports: are important but most of the time are the most boring reports created by humans. They normally list hundreds or thousands of business transactions (like monthly sales) on many pages of paper or on-screen reports.… Continue reading
Business Intelligence Buzz Words: Business Intelligence Tools
Business Intelligence Tools: are normally software that let you report on the data you have collected. That said, the broad definition of BI could be a piece of paper, a PowerPoint slide deck or Excel spreadsheets.… Continue reading
Business Intelligence Buzz Words: Business Intelligence
BI: stands for Business Intelligence.
Business Intelligence: the meaning of Business Intelligence is very broad. Business Intelligence is the ability of an organization to collect, maintain, and organize data. That could be in someone’s head, a piece of paper, an Excel spreadsheet or typically a sophisticated software-based tool set.… Continue reading
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