Visual business intelligence
- Visual business intelligence
Visual Business Intelligence (VBI) is knowledge based on the application of visual data to a business problem or opportunity.
The process of visual business intelligence starts with the collection of visual data which is analyzed to create unique information. This information becomes knowledge when it is applied to a business problem or opportunity. For example, visual data is collected from a retail store (the number of customers who enter an area of interest, the time they spend there and what direction they traveled). This data is analyzed and becomes information (the answer to a simple question such as how long are people waiting in line?). In turn it becomes knowledge (the application of the data to business such as reducing wait times and decreasing departures by opening additional cash registers between 11am and 2PM on weekends or when more than five people are waiting in line). The opportunity then exists to move further to forecast and even model physical customer behavior.
“The retail industry has only begun to tap the capabilities of visual business intelligence. I see a future where we wonder how anyone operated any size retail store without some level of VBI as part of their day to day business decision making.”-Martin Renkis Smartvue Corporation
Wikimedia Foundation.
2010.
Look at other dictionaries:
Business Intelligence Development Studio — (BIDS) is the IDE from Microsoft used for developing data analysis and Business Intelligence solutions utilizing the Microsoft SQL Server Analysis Services, Reporting Services and Integration Services. It is based on the Microsoft Visual Studio… … Wikipedia
Visual Basic for Applications — (VBA) Paradigm(s) Multi paradigm Appeared in 1993 Developer Microsoft … Wikipedia
Visual Basic .NET — Paradigm(s) Structured, imperative, object oriented and declarative Appeared in 2001 Designed by Micro … Wikipedia
Visual Studio Application Lifecycle Management — is a collection of integrated software development tools developed by Microsoft. These tools include IDEs, source control, work items, collaboration, metrics, and reporting tools. Contents 1 Platform 2 Visual Studio 2010 Rebranding 3 See also … Wikipedia
Visual Basic — This article is about the Visual Basic language shipping with Microsoft Visual Studio 6.0 or earlier. For the Visual Basic language shipping with Microsoft Visual Studio .NET or later, see Visual Basic .NET. Visual Basic Paradigm(s) Object based… … Wikipedia
Visual C++ — For Visual C#, see Microsoft Visual C Sharp. Visual C++ Developer(s) Microsoft Corporation Stable release Visual Studio 2010 / April 2010 … Wikipedia
Visual FoxPro — VFP redirects here. For the floating point extension of ARM processors, see ARM architecture#VFP. Typical VFP9 editing session Original author(s) Microsoft Corporation Stable release … Wikipedia
Visual Analytics — Die Bandbreite von Visual Analytics [1] … Deutsch Wikipedia
Dashboard (business) — Business Dashboards. Dashboard provides at a glance views of key performance indicators (KPIs) relevant to a particular objective or business process (e.g. sales, marketing, human resources, or production) [1]. The term dashboard originates from… … Wikipedia
Intelligence — For other uses, see Intelligence (disambiguation). Human intelligence Abilities and Traits Abstract thought Communication · … Wikipedia
