Dictionary Term

Real-Time Business Intelligence

AKA:

Real-time business intelligence (real-time BI) is data collection, analysis, and visualization, delivered the moment that data is created. In order to produce real-time BI, organizations must configure their operation systems to feed data into business intelligence software as it emerges.

Real-time BI is a necessity for many organizations. For example, in order to prevent fraud, banks need real-time BI to keep employees and customers informed of recent transactions; airports require up-to-the minute information to maintain the flow of traffic; and most online retailers require real-time BI to keep customers apprised of whether items are in or out of stock.

Sources :


http://www.techopedia.com/definition/13841/real-time-business-intelligence-rtbi-or-real-time-bi http://searchbusinessanalytics.techtarget.com/definition/real-time-business-intelligence-BI http://en.wikipedia.org/wiki/Real-time_business_intelligence



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