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Business Intelligence Definition | What is Business Intelligence?

What is Business Intelligence?
At Teradata business intelligence is viewed as a way for businesses to avoid the less-than-helpful results of inaccurate, insufficient data analysis using a procedural and technical infrastructure that collects, stores, and analyzes data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends driving management decisions. Business intelligence addresses the needs of casual users, including executives, managers, front-line workers, customers and suppliers. It delivers reports, dashboards and scorecards that are tailored to each user’s role and populated with metrics aligned with strategic objectives and goals. This top-down style is powered by a classic data warehousing structure that consolidates enterprise data and enforces information consistency by transforming shared data into a common data model (schema) and BI semantic layer

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Making Time for Professional Development When Owning a Business


8 min read

Opinions expressed by Entrepreneur contributors are their own.


This article was written by Alex Sixt, a member of the Entrepreneur NEXT powered by Assemble content team. Entrepreneur NEXT is our Expert solutions division leading the future of work and skills-based economy. If you’re struggling to find, vet, and hire the right Experts for your business, Entrepreneur NEXT is a platform to help you hire the experts you need, exactly when you need them. From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you.

Whether you’ve been a business owner for years, or you’ve just begun your journey into entrepreneurship, professional development is likely one of the last tasks on your mind. With so many business needs pulling you in multiple directions, it can be easy to forget to spend time developing yourself.

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3 things to consider before you pivot your business model

When Ross asked Rachel and Chandler (Friends TV show 1994-2004) to move a couch, many of us will never forget his voice inflection and how many times he yelled “PIVOT”! It’s actually a really funny scene and if you’ve never seen it, it might be worth 3.5 minutes of your time. Ross had the best of intentions by starting with a sketch and enlisting help from friends but even that ends up in hilarity as getting his couch in to his apartment doesn’t work and he ends up being offered $4 when he tries to return it (stay for the end of the clip).

The best plans and intentions for your business are often met with what the market and customers demand, where technology grows, and where your ROI is the best. You often know that your original plans will grow and evolve, even in uncertainty and now… a global

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Why Right Now Is the Best Time Ever to Start a Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


“I am really concerned about starting a new company right now. I think the world is too unstable and it’s just too risky,” a very close friend of mine was relaying to me the other day. “I have a job. I don’t want to voluntarily quit, have my company fail and then struggle to find something on the other side.”

“You need to look at things differently,” I responded. “You need to look at the extraordinary opportunities and the lower barriers to entry for starting a company right now. You can have access to people and talent that you would not have had previously.” 

“Yes, I know, but I am still worried,” my friend immediately responded. “I guess I want to have my cake and eat it.” 

As technology futurist Kevin Kelly would say, right now

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What Can Business Intelligence Do for Your Business?

In the modern business environment, big data is king. But data in itself doesn’t determine whether a business will succeed or not, it must be organized and contextualized in such a way that valuable insights can be gleaned and acted on.

Learn how advanced BI tools can automate this process, integrating evolving technologies like machine learning to help organizations respond to changing conditions articulated by the data they gather.

What is business intelligence?

Business intelligence, or BI, is the process by which organizations collect, organize and contextualize data, often using visualizations to make it easy to understand data-driven insights at a glance. The term originated in the 1960s and has expanded in meaning; today, BI refers to a wide range of data-related activities, including data mining, reporting, visualization, and querying.

“Business intelligence can mean something different at each company, but at the core of it, the BI team is responsible

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How to Make Smart Bets in Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Business is full of bets, especially where investing is concerned. If you’re interested in rolling the dice by purchasing a business, making an angel investment in a startup or even allocating your hard-earned money for your first employee, it’s important to know what makes a smart bet and how to protect yourself from a worst-case scenario. It’s worth stating that even deciding to go into a business of your own is a form of a bet, and merits the same type of background due-diligence.

This may require testing or gaining new knowledge, but a thorough understanding is critical, especially with glaring statistics regarding the failure rate for startups at a whopping 50 percent, according to Small Biz Genius. With statistics like these, there’s no way to ensure success. However,  there are definitely ways to think through

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The Best Self-Service Business Intelligence (BI) Tools

Today’s organizations are being flooded with new data from all directions and executives are expected to make smarter decisions with that information. While small to midsize businesses (SMBs) may find using Microsoft Excel a convenient receptacle for data during their early days will soon realize that spreadsheets, however, are blunt and insufficient to deal with this kind high volumes of data. There’s now a new crop of business intelligence (BI) tools to fill the gap. These tools combine all of the sophisticated data hooks on the back end with a new style of front end that combines ease of use with things such as natural language querying to make using BI accessible to anyone. These tools also provide new data visualization capabilities that let you turn your insights into clear and easily parsed graphics to help co-workers understand your discoveries.

Spreadsheets also fall down when the data isn’t well-structured or

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Business Intelligence: How Organizations Use Employee Monitoring Data

It’s a common myth that employee monitoring software is for spying on employees and micromanaging how they spend their time at work. In reality monitoring employee computer activity provides companies with the insights they need to understand how their workforce operates. In this article I’ll provide you with examples of how organizations use employee monitoring data to improve their business intelligence.

Make data-informed management decisions

Business data is incredibly powerful for making informed management and business planning decisions. This data allows you to find trends and patterns that allow you to analyze existing business processes and improve them.

Monitor trends in employee productivity

An organization’s historical computer usage data can be integrated into business intelligence tools such as Tableau or BigQuery to gain advanced insights into employee productivity trends. Employee performance monitoring and analytics provide insights on both a granular level (individual users or workgroups) and on a high level

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Business Intelligence (BI) and Analytics Platforms Market 2020-2024: Forecasting Strategy to Undergo A Paradigm Shift from Crisis to New Normal during COVID-19 Pandemic | Technavio

LONDON–(BUSINESS WIRE)–The business intelligence (BI) and analytics platforms market will witness an incremental growth of USD 12.62 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.

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COVID-19 Highlights

  • Information Technology industry will have Mixed impact due to the pandemic
  • Business intelligence (BI) and analytics platforms market is expected to witness Positive growth during
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Business Intelligence: A Guide on Everything You Need to know