Business intelligence (BI) is a set of theories, methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information. BI can handle large amounts of information to help identify and develop new opportunities. Making use of new opportunities and implementing an effective strategy can provide a competitive market advantage and long-term stability.
Since BI is made up of a number of technological components, each of which exercises a strong influence on the whole; it is important for each component to work effectively and efficiently, not just in isolation, but also as a whole. This collectivesystem is what can be defined as the integrated business intelligence mechanism. It is through the synergistic effect of this integrated technological system that organizations bask in the glory of enhanced development productivity. It is also because of this system that individual business technology consulting applications are managed and held together with ease.It is for the un-ending list of benefits it entails that the significance of BI cannot be overemphasized.
