defining business intellingence

Hello,

Business Intelligence (BI) and Enterprise Performance Management (EPM) are two distinct areas in the realm of business analytics and data management, each serving a unique purpose and function within an organization:

Business Intelligence primarily deals with the collection, integration, analysis, and presentation of business information. The aim is to support better business decision-making.

EPM, on the other hand, is more focused on the management, planning, budgeting, forecasting, and reporting of business operations.

While Business Intelligence is about understanding and analyzing past performance and deriving insights from historical data, Enterprise Performance Management is about planning and forecasting future performance and aligning operations with strategic goals.

Best,

Ned

Business intelligence (BI) is the practice of turning data into actionable insights that enable business leaders to improve the performance of the business. BI uses software, processes, and technologies to collect, analyze, and present business data in user-friendly views such as reports, dashboards, charts, and graphs

While

Enterprise performance management (EPM) is a process that enables an organization to connect its strategy with planning and execution. EPM involves monitoring performance across the enterprise with the help of planning, reporting, and business intelligence software. EPM also includes setting strategic business goals, translating them into measurable objectives, planning operations and allocating resources, and tracking enterprise performance against these goals