Business intelligence (BI) refers to a broad category of applications and techniques used in the management and analysis of data to provide timely and accurate information for an improved decision making process. Data management and warehousing are considered the basic platforms on which BI is grounded. The BI tools and techniques involve structuring and collection of data stored in commercial relational database management systems (RDBMS). The analytical techniques applied in these systems are mainly based on data mining techniques and statistical methods.

The main components of BI include On-line analytical processing (OLAP); Advanced Analytics; Corporate Performance Management, Real-time BI and Data warehouse and marts. These technologies have been incorporated into most of the commercial BI platforms offered by the leading IT vendors such as Oracle, Microsoft, IBM and SAP.

BI has become very popular in many successful organizations and its benefits include, improved data utilization for decision makers, understanding customer behavior and boosting organization visibility.

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