BI software


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BI software

(Business Intelligence software) Software that enables users to obtain enterprise-wide information more easily. Such products are considered a step up from the typical decision support tools because they more tightly integrate querying, reporting, OLAP, data mining and data warehousing functions.

Many products claim BI capabilities, but the end goal is to let users slice and dice the information from their organization's numerous databases without having to wait for their IT departments to develop complex queries.

BI Evolution
Business intelligence was the 1990s buzzword for the management information system (MIS) of the 1970s and the decision support system (DSS) and executive information system (EIS) of the 1980s. MIS implementations often failed because the hardware was too slow and the software was not sophisticated. Countless DSS, EIS and OLAP tools followed, which added functionality, but were often point solutions to the problem. BI implies yet more integration and ease of use (of course, no matter what the subject, every new approach in the information field is touted as the one providing more integration and greater ease of use). See Business Objects, business intelligence portal, EIS and decision support system.
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References in periodicals archive ?
In 2018, the worldwide Analytics and BI Software market size was xyz million US$ and it is relied upon to achieve xyz million US$ before the finish of 2025, with a CAGR of xyz% during 2019-2025.
Business Objects is the world's leading BI software company, transforming the way the world works through intelligent information.
According to AsiaInfo, the company's BI software solution will provide Chongqing Telecom with a uniform system capable of managing and analysing increasing amounts of customer data.
As a whole, revenues for BI software, services and maintenance totalled $5.6 billion in 2004, up from $5.3 billion in the previous year.
The South San Francisco-based business intelligence (BI) software maker is collaborating with the Tsinghua University to drive research into BI software. Actuate announced it has signed a so-called memorandum of understanding (MOU) with the University's Research Institute of IT (RIIT) wing.
As such, turning to BI software seems an obvious way to monitor the health of a company.
Given the long list of benefits -- including faster cycle times, more efficient financial reconciliation and overcoming data inaccuracies -- ROI can be easily achieved with today's BI software, which contain the following features:
A forerunner in defining the BI software category, Cognos delivers the next level of competitive advantage -- Corporate Performance Management (CPM) -- achieved through the strategic application of BI on an enterprise scale.
This plug-in formats the data in a spreadsheet-like interface, allowing analysts to do simple calculations directly on the BI software. The spreadsheet is automatically updated when the source data is changed.
MAIA's 1KEY BI software has been tested and certified by Microsoft for ISV/software solutions.