Business Intelligence and its role to enhance Corporate Performance Management

Abstract

As every small or large organization requires information to promote their business by forecasting the future trends, information is now the primary tool to understand the market trends and understand their own position in the market comparison to its competitors. Business intelligence is the use of an organizations disparate data to provide meaningful information and analyses to employees, customers, suppliers, and partners for more efficient and effective decision-making. BI applications include the activities of decision support systems, query and reporting, online analytical processing (OLAP), data warehouse (DW), statistical analysis, forecasting, and data mining.