BI Management Definitions

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  • A

    asset turnover ratio

    The asset turnover ratio is a measurement that shows how efficiently a company is using its owned resources to generate revenue or sales.

  • What is ad hoc analysis?

    Ad hoc analysis is a business intelligence (BI) process designed to answer a specific business question by using company data from various sources.

  • What is an analytics database (analytical database)?

    An analytics database, also called an analytical database, is a read-only system that stores historical data on business metrics such as sales performance and inventory levels.

  • B

    What is a business intelligence dashboard (BI dashboard)?

    A business intelligence dashboard, or BI dashboard, is a data visualization and analysis tool that displays on one screen the status of key performance indicators (KPIs) and other important business metrics and data points for an organization, department, team or process.

  • What is business intelligence (BI)? A detailed guide

    Business intelligence, or BI, is a technology-driven data analysis process that helps an organization's executives, managers and workers make informed business decisions.

  • What is business intelligence architecture (BI architecture)?

    A business intelligence architecture is a framework for the various technologies an organization deploys to run business intelligence and analytics applications.

  • D

    data sampling

    Data sampling is a statistical analysis technique used to select, manipulate and analyze a representative subset of data points to identify patterns and trends in the larger data set being examined.

  • decision-making process

    A decision-making process is a series of steps one or more individuals take to determine the best option or course of action to address a specific problem or situation.

  • What is days sales outstanding (DSO)?

    Days sales outstanding (DSO) measures the average time it takes a business to collect payments after a sale.

  • E

    edge analytics

    Edge analytics is an approach to data collection and analysis in which an automated analytical computation is performed on data at a sensor, network switch or other device instead of waiting for the data to be sent back to a centralized data store.

  • K

    key results indicator (KRI)

    A key result indicator (KRI) is a metric that measures the quantitative results of business actions to help companies track progress and reach organizational goals.

  • What is a key performance indicator (KPI)? Strategy and guide

    Key performance indicators (KPIs) are quantifiable business metrics that corporate executives, managers and other stakeholders use to track and analyze factors deemed crucial to meeting the organization's stated objectives.

  • O

    operational efficiency

    Operational efficiency refers to an organization's ability to reduce waste of time, effort and material while still producing a high-quality service or product.

  • operational intelligence (OI)

    Operational intelligence (OI) is an approach to data analysis that enables decisions and actions in business operations to be based on real-time data as it's generated or collected by companies.

  • P

    process intelligence (business process intelligence)

    Process intelligence is data that has been systematically collected to analyze the individual steps within a business process or operational workflow.

  • R

    What is real-time business intelligence (RTBI)?

    Real-time business intelligence (RTBI) combines data analytics and various data processing tools to enable access to the most relevant, up-to-the-minute data and visualizations.

  • S

    self-service analytics

    Self-service analytics is a type of business intelligence (BI) that enables business users to access, manipulate, analyze and visualize data, as well as generate reports based on their discoveries.

  • standard operating procedure (SOP)

    A standard operating procedure is a set of step-by-step instructions for performing a routine activity.

  • What is self-service business intelligence (self-service BI)?

    Self-service business intelligence (BI) is an approach to data analytics that enables nontechnical business users to access and explore data sets.

  • U

    What is unstructured data?

    Unstructured data is information, in many different forms, that doesn't follow conventional data models, making it difficult to store and manage in a mainstream relational database.