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BIS 3233 - Chapter 12
Business Intelligence
12
Business
Undergraduate 3
10/04/2012

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Term
business intelligence (BI)
Definition
A broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions
Term
corporate performance management (CPM)
Definition
The area of business intelligence involved with monitoring and managing an organization's performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs
Term
dashboard
Definition
A BI application that provides rapid access to timely information and direct access to management reports
Term
data mining
Definition
The process of searching for valuable business information in a large database, data warehouse, or data mart
Term
decision
Definition
A choice that individuals and groups make among two or more alternatives
Term
decision support systems (DSSs)
Definition
Business intelligence systems that combine models and data in an attempt to solve semistructured and some unstructured problems with extensive user involvement
Term
geographic information system (GIS)
Definition
A computer-based system for capturing, integrating, manipulating, and displaying data using digitized maps
Term
management
Definition
A process by which organizational goals are achieved through the use of resources
Term
model
Definition
A simplified representation, or abstraction, of reality (in decision making)
Term
online analytical processing (OLAP)
Definition
A set of capabilities for “slicing and dicing” data using dimensions and measures associated with the data
Term
productivity
Definition
The ratio between the inputs to a process and the outputs from that process
Term
reality mining
Definition
Allows analysts to extract information from the usage patterns of mobile phones and other wireless devices
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