Dictionary Term

Cloud Business Intelligence

AKA:

Cloud business intelligence (cloud BI) refers to network-based tools that turn raw data into information that businesses can use to cut costs, streamline inefficiencies, increase revenue and generally make better organizational decisions.

Because it doesn’t have to be downloaded from a disc or hard drive, cloud based BI offers many advantages as a business intelligence solution. It is easy to access, relieves the user of many of the administrative tasks associated with data management, comes relatively cheap and is highly scalable.

Cloud-based BI can perform just about any business intelligence function:
Data visualization
Process mining
Data mining
Text mining
Online analytical processing (OLAP)
Querying
Business performance management
Benchmarking
Statistical analysis
Forecasting
Reporting

Sources :


http://www.klipfolio.com/satellite/what-is-cloud-bi http://en.wikipedia.org/wiki/Business_intelligence http://www.businessdictionary.com/definition/business-intelligence-BI.html http://site.xavier.edu/sena/info600/businessintelligence.pdf http://en.wikipedia.org/wiki/Cloud_computing http://blogs.computerworld.com/19959/defining_cloud_computing_part_one_laymen_s_terms http://www.techterms.com/definition/cloud_computing



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