Why machine learning is the new BI

“Business intelligence has gone from static reports that tell you what happened, to interactive dashboards where you can drill into information to try and understand why it happened. New big data sources, including Internet of Things (IoT) devices, are pushing businesses from those reactive analytics – whether you look back once a month to spot trends or once a day to check for problems – to proactive analytics that give you alerts and real-time dashboards….”

Source: http://www.cio.com/article/3058980/business-intelligence/why-machine-learning-is-the-new-bi.html

Additional sources: http://businessintelligence.com/tag/machine-learning/

 

Business Intelligence

Business intelligence (BI) can be described as “a set of techniques and tools for the acquisition and transformation of raw data into meaningful and useful information for business analysis purposes”.[1]

  1. https://en.wikipedia.org/wiki/Business_intelligence
  2. https://en.wikipedia.org/wiki/Business_intelligence_tools
  3. http://bigdata-madesimple.com/top-business-intelligence-bi-tools-in-the-market/
  4. https://opensource.com/business/14/6/three-open-source-business-tools

[1] Turner, Dawn M. “What is Venture Management?” http://www.VentureSkies.com. VentureSkies. Retrieved 24 February 2016.