Editing Business intelligence (section)

==Applications==
Business intelligence can be applied to the following business purposes:

* [[Performance metrics]] and [[benchmarking]] inform business leaders of progress towards business goals.<ref name="FeldmanDeveloping13"/> ([[Business process management]]).{{cn|date=December 2023}}
* [[Analytics]] quantify processes for a business to arrive at optimal decisions, and to perform business knowledge discovery. Analytics may variously involve [[data mining]], [[process mining]], [[statistical analysis]], [[predictive analytics]], [[predictive modeling]], [[business process modeling]], [[data lineage]], [[complex event processing]], and [[prescriptive analytics]]. For example within banking industry, academic research has explored potential for BI based analytics in credit evaluation, customer churn management for managerial adoption<ref>{{cite journal |last1=Moro |first1=Sérgio |last2=Cortez |first2=Paulo |last3=Rita |first3=Paulo |title=Business intelligence in banking: A literature analysis from 2002 to 2013 using text mining and latent Dirichlet allocation |journal=Expert Systems with Applications |date=February 2015 |volume=42 |issue=3 |pages=1314–1324 |doi=10.1016/j.eswa.2014.09.024|hdl=10071/8522 |s2cid=15595226 |hdl-access=free }}</ref> 
* [[Data reporting|Reporting]], [[Dashboard (business)|dashboards]] and [[data visualization]],<ref name="FeldmanDeveloping13">{{cite book |url=https://books.google.com/books?id=xDXfeopC-kMC&pg=PA140 |title=Developing Business Intelligence Apps for SharePoint |author1=Feldman, D. |author2=Himmelstein, J.  |publisher=O'Reilly Media, Inc |pages=140–1 |year=2013 |isbn=9781449324681 |access-date=8 May 2018}}</ref> [[executive information system]], and/or [[OLAP]]
* BI can facilitate [[collaboration]] both inside and outside the business by enabling [[data sharing]] and [[electronic data interchange]]<ref name="FeldmanDeveloping13"/>
* [[Knowledge management]] is concerned with the creation, distribution, use, and management of business intelligence, and of business knowledge in general.<ref name="FeldmanDeveloping13"/> Knowledge management leads to [[learning management]] and [[regulatory compliance]].{{cn|date=December 2023}}