Business Analytics/Business Intelligence Definitions

  • L

    logistic regression

    Logistic regression is a statistical analysis method used to predict a data value based on prior observations of a data set. A logistic regression model predicts a dependent data variable by analyzing the relationship between one or more existing independent variables.

  • M

    MapR

    MapR is a software company based out of San Jose, California that was founded in 2009.

  • MicroStrategy

    MicroStrategy is an enterprise business intelligence (BI) application software vendor.

  • mobile business intelligence

    Mobile business intelligence is an extension of business intelligence (BI) from desktops and laptops to mobile devices such as Blackberry, iPhone, and iPad.  Reports, charts, graphs, and alerts are designed for viewing on smaller mobile screens. 

  • mobile location analytics (MLA)

    Mobile location analytics is a method used by retailers to track the movements of shoppers throughout their stores.

  • N

    named entity

    A named entity is a term or phrase that identifies an object from a set of other objects with similar attributes.

  • natural language processing (NLP)

    Natural language processing (NLP) is the ability of a computer program to understand human language as it is spoken.

  • noisy data

    Noisy data is meaningless data. The term was often used as a synonym for corrupt data, but its meaning has expanded to include data from unstructured text that cannot be understood by machines.  

  • noisy text

    Noisy text is an electronically-stored communication that cannot be categorized properly by a text mining software program. Noisy text is often caused by an end user's excessive use of idiomatic expressions, abbreviations, chat and text acronyms or business-specific lingo.

  • O

    OLAP dashboard

    The “OLAP” designation indicates that one or more of the graphs or reports (sometimes referred to as “panes,” in the dashboard) are based on an OLAP (Online Analytical Processing) data source. 

  • open source business intelligence (OSBI)

    Open source business intelligence (BI) is, technically, free BI. Instead of selling traditional software licenses, open source BI vendors charge subscription or support fees for their commercial products.

  • operational business intelligence

    Operational business intelligence, sometimes called real-time business intelligence, is an approach to data analysis that enables decisions based on the real-time data companies generate and use on a day-to-day basis.

  • opinion mining (sentiment mining)

    Opinion mining is a process for tracking the mood of the public about a certain product, for example, by building a system to examine the conversations happening around it.

  • P

    performance scorecard

    A performance scorecard is a graphic or an application that depicts the progress over time of some entity, such as an enterprise, an employee or a business unit, toward some type of goal.

  • predictive analytics

    Predictive analytics is a form of advanced analytics that uses both new and historical data to forecast future activity, behavior and trends. It involves the creation of predictive models that place a numerical value, or score, on the likelihood of a particular event happening.

-ADS BY GOOGLE

SearchDataManagement

SearchAWS

SearchContentManagement

SearchCRM

SearchOracle

SearchSAP

SearchSQLServer

SearchSalesforce

Close