Business intelligence means the information that is valued for its currency and relevance. Business intelligence is expert information of a technology or any other field with which to lead and manage a business. Business intelligence, comprehensive knowledge of ones business, one's customers, business partners, internal operations and the external competition, helps business people better their decision, by gathering and analyzing data in broad technologies and applications.
The same thing applied in electronic business is E-business intelligence. It is a broad and deep knowledge of a particular E-business which helps conduct an e-business in an effective manner. In the specialized field of business intelligence, competitive intelligence, one studies the moves of the competitors and makes decisions accordingly.
Electronic business intelligence will help one's organization's electronic business to be in progress. The business man needs to take well informed decisions, which are the sources of competitive benefits, and make predictions about the conditions one's business would face.
The electronic business intelligence helps one know the position of one's business comparing to the competitors. It helps the online customers and their needs according to which one can modify the business. The electronic market, its demography and new customers, future strategies of the company could be can understand with the business intelligence.
Electronic business intelligence helps an organization eliminate guesswork, strengthen coordination among departments and to make immediate response to the changes in business and competitions. This helps the company improve its performance.
Electronic business intelligence should concentrate on the following to make the business move smoothly making high profit. It should understand the changing trends of customer needs and preferences and plan to provide products and services innovatively. It should understand the new customers that are visiting the websites. It should also study what the competitors are making and try to excel them with better moves. The business intelligence should understand the need of presenting an attractive website, which keeps the viewers, read it. Electronic business intelligence provides deep understanding of the internal working of the organization also.
Application software and some technologies are used by the people who work in business intelligence in order to make the data gathering, stored and analyzing to be presented in a usable way. In some businesses, for creating business intelligence data warehouses are used.
There are many tools developed to gather and analyze data by those who work in business intelligence. They are Associative Query Logic, Business Performance Management and measurement, Business Planning, Data Farming, and Data warehouses, Customer Relationship Management and Marketing, Data mining, Decision Support Systems and Forecasting, Document warehouses and Executive Information Systems, Human Resources, Knowledge Management Mapping , Management and Geographic Information Systems, Online Analytical Processing and multidimensional analysis, Statistics and Technical Data Analysis, Business Process Re-engineering Competitive Analysis, Supply Chain Management, Systems intelligence, Information visualization and Dash monitoring, Document Management, Enterprise Management systems, trend Analysis , User / End-user Query and Reporting and Text mining.
These applications have minimized and facilitated the works of the business intelligence, but they have heightened the workability and profitability of the business to a great extent. The professionals, who have been working as consultant or employees are intelligent group of people. KoreOne takes care and keep informing the professional about the needs from companies. Employers have been provided the same people from KoreOne.
Source by Shakir A.