Decision Support Systems Glossary
by D. J. Power
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- Business Data
- Data about people, places, things, business rules, and events used to operate a business. It is not metadata.
- Business Intelligence
- BI is a popularized, umbrella term introduced by Howard Dresner of the Gartner Group in 1989 to describe a set of concepts and methods to improve business decision making by using fact-based support systems. The term is sometimes used interchangeably with briefing books and executive information systems. A Business Intelligence System is a Decision Support System.
- Business Model
- In a data warehouse it is the designer's view of how the business functions. The view can be from a process, data, event or resource perspective, and can be the past, present or future state of the business.
- Business Transaction
- According to Microstrategy, a business transaction is a unit of work acted upon by a data capture system to create, modify, or delete business data. Each transaction represents a single valued fact describing a single business event. Examples of transactions include a sales or loan transaction.