B - Definitions

  • B

    BABOK Guide (Guide to the Business Analysis Body of Knowledge)

    The guide to the Business Analysis Body of Knowledge, or the BABOK Guide, is a book from the International Institute of Business Analysis (IIBA) that provides essential support and direction to business analysts (BAs) by presenting a collection of the activities that comprise business analysis.

  • big data analytics

    Big data analytics is the often complex process of examining large and varied data sets -- or big data -- to uncover information including hidden patterns, unknown correlations, market trends and customer preferences that can help organizations make informed business decisions.

  • BIRT (Business Intelligence and Reporting Tools)

    BIRT (Business Intelligence and Reporting Tools) is an open source technology platform sponsored by the Eclipse Foundation that consists of a visual report designer and a runtime component for Java and Java EE environments.

  • blue ocean strategy

    Blue ocean strategy is a business plan of action developed by W. Chan Kim and Renée Mauborgne and detailed in their 2005 book, Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant.

  • business analytics (BA)

    Business analytics (BA) is the iterative, methodical exploration of an organization's data, with an emphasis on statistical analysis. Business analytics is used by companies that are committed to making data-driven decisions.

  • business intelligence (BI)

    Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions.

  • business intelligence architecture

    A business intelligence architecture is a framework for organizing the data, information management and technology components that are used to build business intelligence (BI) systems for reporting and data analytics.

  • business intelligence competency center (BICC)

    A business intelligence competency center (BICC) is a team of people that, in its most fully realized form, is responsible for managing all aspects of an organization's BI strategy, projects and systems.

  • business intelligence dashboard

    A business intelligence dashboard is a graphical interface that displays the current status of metrics and key performance indicators (KPIs) for an enterprise.

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