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Types of Business Intelligence Tools |
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Business intelligence tools are the softwares that allow business users to see and use large complex data. All the problems of business intelligence is solved by the business intelligence tools. The various types of business intelligence tools are On Line Analytical Processing (OLAP) On Line Analytical Processing generally known as OLAP is an approach that provides answers to the analytical questions. The practical applications of OLAP are sales, marketing, budgeting, reporting etc… Query Tools Query tools as the name suggest is a tool that helps in business intelligence process through a series of questions. Data Mining Data mining is the process of analyzing data to show relationships. It is extracting of useful and important information from large and complex data. A simple example for data mining is the sales record of a retail business. Business Performance Management Business performance management is a series of processes that help in improving the business performance. It mainly emphasizes on planning and forecasting.
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