Business Intelligence (BI)! You can’t go too far in analyzing data trends (not only in Healthcare, but IT in general) without encountering this buzz word. It is interesting, although not unusual, when you ask people to define Business Intelligence. It appears that if you ask 5 people you will get 10 different answers. Examples are as follows:
“Business intelligence is a data analysis process aimed at boosting business performance by helping corporate executives and other end users make more informed decisions.” (techtarget.com)
“BI is more than just corporate reporting and more than a set of tools to coax data out of enterprise systems. CIOs use BI to identify inefficient business processes that are ripe for re-engineering.” (cio.com)
“…the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes.” (wikipedia)
Based on this limited sample it is difficult to decide if BI is:
- A process;
- A toolset;
- More ETL and reports.
So the first question that needs to be asked when trying to identify “what can Business Intelligence do for me is”, is “what is Business Intelligence”.
Before attempting to identify my own thoughts on BI, I would enjoy hearing your own definition of BI? What are the key components?
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