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what is cycle of business intelligence
What is bi cycle These four stages are the “business intelligence cycle.” It starts with defining objectives, proceeds to gathering and organizing information, analyzing it, and setting parameters for measuring and monitoring business performance going forward. Phase 1: Setting Clear Objectives The effective use of BI begins with an awareness that BI is fundamentally different from reporting and has strategic implications if it is used to its full potential. At the outset of a BI project (and on a periodic basis thereafter), business leaders should define the playing field in which they mean to operate. In many organizations, the initial focus for BI is on understanding the company’s existing customers, especially with respect to their buying behavior. Others may choose to zero in on sales performanc Phase 2: Gathering and Organizing Data Whatever your company’s top priorities may be, it’s helpful to brainstorm a list of potential questions around those topics. Ultimately, ...
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