Richard Millar Devens first used the term “Business Intelligence (BI)” to describe how bankers gain profit by receiving and acting upon information about his environment, prior to his competitors. BI is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, and business users to make informed business decisions. BI encompasses software and methodologies that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against the data, and create reports, dashboards and data visualizations to make the analytical results available to corporate decision makers as well as operational workers.

Those who cannot remember the past are condemned to repeat it.

George Santayana, 1905

Analyzing historical data to find patterns that would initiate corrective action safeguards the business from repeating the same errors and thus improves the efficiency of business.

 

Speedminer Business Intelligence is a one-stop Analytics and Analysis solution that includes Predictive Modelling, Text Analytics, Dashboard (Visualization), Analyzer (Data Exploration), Data Ingestion, Enterprise Data Warehouse, Enterprise Reporter, Web Application Framework (EliteSys), Knowledge Management, Performance Management System (Strategy Map and Balanced Scorecards), and Enterprise Integration Platform (Ensemble), Mobile Survey, Mobile Messaging and Collaboration.  Speedminer complements all businesses by fulfilling most of all their IT requirements.  Such a complete package that covers the vast needs of business IT is unrivalled and not found in any other systems.  The integrated system also means lower total cost of ownership and higher return of investment with long term functionality and usage.  With all these critical business systems in place, Speedminer Business Intelligence is indeed the ideal framework for the Enterprise Application.