Defining business intelligence (BI)

The term business intelligence (BI) refers to skills, technologies, applications, practicing for the compilation, assimilation, analysis, management and presentation of business information also at times to the information itself. The solitary objective of the business intelligent is to enhance better business decision making.

D.J Power concept for business intelligence

• The concept of business intelligence emerged during the period of 1958 when D.J Power gave the concept of “Decision Support System”. According to D.J Power, BI is the concept and technique in order to enhance and promote the business decision making by implementing the “Fact-Based-Support-System”. BI is occasionally used compatibly with brief books, report, query, paraphernalia and executive information systems. Business Intelligent systems are called the data driven systems (DSS). …read the rest of this entry»

Almost a 3 percent drop was noted in Dow Jones and Nasdaq indexes while London’s FTSE 100 index sank about 2.5% .Similarly, French and German markets each lost around 3%.

The results came forward when US data suggested mounting unemployment claims and sluggish shop sales.

The European Central Bank has shown 1.5% growth forecast in 2009, but now it cuts to 1.2%.

In the US, the jitters prompted after an ADP Employer Service report that showed 33,000 jobs cut during August. Weak sales during closely-watched back-to-school period also became the cause of anxiety in economic activities. …read the rest of this entry»