article thumbnail

Financial Intelligence vs. Business Intelligence: What’s the Difference?

Jet Global

First, accounting moved into the digital age and made it possible for data to be processed and summarized more efficiently. Spreadsheets enabled finance professionals to access data faster and to crunch the numbers with much greater ease. Whereas business intelligence is tactical, financial intelligence is strategic. .

article thumbnail

What Role Does Data Mining Play for Business Intelligence?

Jet Global

But data alone is not the answer—without a means to interact with the data and extract meaningful insight, it’s essentially useless. Business intelligence (BI) software can help by combining online analytical processing (OLAP), location intelligence, enterprise reporting, and more. READ BLOG POST.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Business Intelligence is Top of Mind for CFOs for 2022

Jet Global

The term “ business intelligence ” (BI) has been in common use for several decades now, referring initially to the OLAP systems that drew largely upon pre-processed information stored in data warehouses. Discover Meaning Amid All That Data. Why business intelligence ?

article thumbnail

The Business Intelligence Market – What’s Old is New

In(tegrate) the Clouds

As the data visualization, big data, Hadoop, Spark and self-service hype gives way to IoT, AI and Machine Learning, I dug up an old parody post on the business intelligence market circa 2007-2009 when cloud analytics was just a disruptive idea. Thanks to The OLAP Report for lots of great market materials.

article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more.

article thumbnail

The Enterprise AI Revolution Starts with BI

Jet Global

And while AI algorithms are certainly poised to make an impact in each of these areas, enterprise businesses need to first invest in building the infrastructure to support them. The road to AI supremacy in enterprise business starts with investment in an area most businesses might not think to look at first.

article thumbnail

What Are OLAP (Online Analytical Processing) Tools?

Smart Data Collective

One of the most valuable tools available is OLAP. This tool can be great for handing SQL queries and other data queries. Every data scientist needs to understand the benefits that this technology offers. Using OLAP Tools Properly. Several or more cubes are used to separate OLAP databases. see more ).