Thursday, March 22, 2012

BI: essential terminology and understanding

Have you ever asked yourself:
What is KPI?
What is Scorecard?
What is Dashboard?
And anyway what is BI?

Here is a quick picture of BI (Business Intelligence)
Here is BI terminology:

BI- business intelligence - include historical and current views of business operations, and they may also include predictive views.

KPI -key performance indicator. example: Sales numbers, Profit numbers, Percentage of happy employees, student graduation rates in a school, number of points scored by a football team.

Scorecard - contains a small selection of essential KPIs

Dashboard - might contain multiple scorecards, independent KPIs that are not part of any scorecard, standard reports, other non BI functionality (i.e. a discussion board)

Source - Microsoft SharePoint 2010 Administrator's Companion