Abstract
The article contains the concept and analysis of basic types of Business Intelligence (BI) systems and analysis of critical success factors of BI implementation. The complexity and diversity of BI systems means that the success of their implementation requires a methodical foundation and proven scientific theories. Article focuses on analysis of factors determining the effectiveness of implementation and use of Business Intelligence (BI) tools in organizations, depending on the implementation method applied. Currently, organizations that decide to implement BI focus their attention on the method of system implementation. BI systems have become an indispensable element of the Industry 4.0 breakthrough. Industry 4.0 is related to the integration of the existing independent digital management systems and the creation of intelligent management support systems.
TopBusiness Intelligence Structure And Its Typology
Business Intelligence (BI) covers a broad spectrum of issues such as practices, methodologies or tools related to data analysis. BIs transcribe data into information and knowledge (Olszak, Ziemba, 2012). Technologically, the BI system collects, integrates, analyzes data and then presents the obtained information in the decision-making process (Fink et al., 2017, Chen et al., 2018). The phases of BI performance, according to Eckerson’s study (2011), are presented in Figure 1. Data is collected from various sources, then cleaned and unified with ETL tools (Extract, Transform, Load), transmitted to a data warehouse or virtual space, where they are analyzed by established algorithms, and finally the obtained information is presented in dedicated managerial tools.
Key Terms in this Chapter
Industry 4.0: These terms define the next, after the digital economy, stage of evolution of the economic management system. It is presented as integration of existing independent digital management systems and creation of intelligent management support systems.
Project Management Method: Comprehensive project management methods containing recommendations for conduct, pertaining to the entire complex of project management problems and processes.
Business Intelligence: Is a broad spectrum of issues such as practices, methods, or tools, with data analysis. BIs transcribe data into information and knowledge. BI can be an independent system integrated with other systems or exist as a Management Information System module.