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Cloud Business Intelligence 1

Cloud Business Intelligence
A Research Project

Submitted as part of Final exam for BMGT531

By

Praneeth Pabbaraju (ID # 111-00-3655) Naveen Veeramachaneni (ID # 111-00-2643) Narasimha Naidu Madireddy( ID # 110-00-4194)

BMGT 531, Business Intelligence Spring 2012, Section 1260 Professor Paul Jaikaran

University of Northern Virginia

Cloud Business Intelligence 2

Business Intelligence:
The term Business Intelligence was coined by Hans Peter Luhn of IBM wherein he describes the Business Intelligences as ability to find the interrelationships among the available data and guide the set of actions to reach the desired goal. What all an organization needs to be a leader in the market is information. Information can be available in large forms like web resources, text data, graphs and statistics. The more information a firm has the more powerful it is getting on. Firms need to assess the future market condition with the available previous and present data so as to be a leader. The major goal of Business Intelligence is to dwell in all the available information, refine it and organize it in such a way that right information is passed to right people through the right way. Now, data can be in vast amounts, of which some might be useful and some might not be useful. Business intelligence tools like reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics help the firms in sorting out the useful data. Business intelligence systems help the firms in taking decisions based up on the dwelled data. Thereof Business Intelligence Systems can also be called as Decision Support Systems. Business Intelligence uses technologies, processes, and applications to analyze mostly...

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