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ElegantJ BI Business Intelligence – Glossary of Terms and Definitions

ElegantJ BI Business Intelligence solutions are rich, robust and suitable for all businesses no matter how small or large, no matter the industry or business focus. Our BI products are easy to implement and use. These solutions are simple, practical and affordable, and they are browser-based with a zero footprint and superior interoperability. They require less training and can be implemented – on premises or delivered via SaaS (Software as a Service). Implementation is completed in days or weeks, rather than months or years.

Business Intelligence Resources

This glossary provides terms and definitions for your review. It will help you to understand the language and terminology of the Business Intelligence industry and to better understand the markets, industries and needs served by the BI solution vendors and service providers.

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Glossary

Locate the term or word by searching this alphabetical listing.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Balanced Scorecard

It is a performance management tool that summarizes an organisation’s performance from multiple perspectives on a single page. It integrates performance measures into the basic management structure of the organisation. The method consists of measuring business performance in four categories : financial performance, customer knowledge, internal business processes, and learning and growth.

Business Intelligence (BI)

A set of business applications and technologies for gathering, storing, analysing, and converting data into information enabling future business strategies and decisions to be made . Business intelligence allows users (employees, customers, suppliers, and partners) to receive information that is reliable, consistent, understandable, easily manipulated, and timely. BI includes decision support systems, querying and reporting, online analytical processing (OLAP), statistical analysis, forecasting, and data mining.

Business Environment

Business environment encompasses all those factors that affect a company's operations and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors, and technological developments. It is also known as Operating Environment.

Business Performance Management (BPM)

Business performance management (BPM) is a set of processes that help organisations direct modeling or scenario exploration activities. BPM is focused on business processes such as planning and forecasting. It helps businesses discover efficient use of their business units, financial, human, and material resources. It helps users to consider the implications of alternative courses of action before they become operational.

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Balanced Scorecards

Rich Functionality in Scorecards

Balanced Scorecards ensure accurate Performance Management. Our Balanced Scorecards can help you to translate vision and strategy into an integrated set of performance and action measures and, more importantly, cascade this measurable information down through the organization so that everyone is operating with the most current, concise information.