What are the major components of business intelligence?

Question

Could someone tell me what are the major components of business intelligence?

Answer 1

Major components of business intelligence include:

OLAP (Online Analytical Processing): an approach to find a solution for multi-dimensional analytical queries, quickly in computing.

Real-time BI: helps in responding in real-time to trends, queries, displays, etc. boosts efficiency.

Data Warehousing: used to find a pattern from a very large pile of unstructured data and to make these data ready for analytics services.

Data source: Teams in BI get a good amount of help after getting data sources from raw data, that could be used for analytics or business purposes.

Advanced analytics: this helps the teams to look at the statistics of their product-line or services and manipulate them to help them meet their targets and boost effectiveness.

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