Business intelligence. Business intelligence (BI) is the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes.
BI technologies are capable of handling large amounts of unstructured data to help identify, develop and otherwise create new strategic business opportunities. The goal of BI is to allow for the easy interpretation of these large volumes of data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.[1] BI technologies provide historical, current and predictive views of business operations.
Business activity monitoring. Business activity monitoring (BAM) is software that aids in monitoring of business activities, as those activities are implemented in computer systems.
The term was originally coined by analysts at Gartner, Inc.[1] and refers to the aggregation, analysis, and presentation of real-time information about activities inside organizations and involving customers and partners. A business activity can either be a business process that is orchestrated by business process management (BPM) software, or a business process that is a series of activities spanning multiple systems and applications. BAM is an enterprise solution primarily intended to provide a real-time summary of business activities to operations managers and upper management.
Goals and benefits[edit] The goals of business activity monitoring is to provide real time information about the status and results of various operations, processes, and transactions. Dashboards (management information systems) In management information systems, a dashboard is "an easy to read, often single page, real-time user interface, showing a graphical presentation of the current status (snapshot) and historical trends of an organization’s key performance indicators to enable instantaneous and informed decisions to be made at a glance.
"[1] In real-world terms, "dashboard" is another name for "progress report" or "report. "