Business Intelligence (BI) refers to the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations.
Computer technology enabling data from multiple operational processing systems to be brought together into a single source, which can then be accessed and interrogated. The data can be both current and historical. Warehousing differs from previous management information systems in that designers do not need to think about what questions might be asked of the system.
A Database is an organized collection of information held on a computer. It can be managed by a Database Management System (DBMS), which allows for efficient handling of data.
GRC is an integrated approach to managing an organization's governance, risk management, and compliance activities. It promotes cohesive information sharing and coordination to enhance purpose and efficiency.
Online Analytical Processing (OLAP) is a powerful technology used in the realm of business intelligence to analyze data efficiently from multiple perspectives. It enables quick retrieval of information and facilitates complex business queries and reports.
OLAP enables users to extract specific types of data from multidimensional databases and analyze that information in multiple ways. It's useful for answering detailed and complex queries regarding products, sales, and marketing costs.
