BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining,complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
BI can be used to support a wide range of business decisions ranging from operational to strategic. Basic operating decisions include product positioning or pricing. Strategic business decisions include priorities, goals and directions at the broadest level. In all cases, BI is most effective when it combines data derived from the market in which a company operates (external data) with data from company sources internal to the business such as financial and operations data (internal data). When combined, external and internal data can provide a more complete picture which, in effect, creates an “intelligence” that cannot be derived by any singular set of data.
Current municipal management information systems support just execution of operational processes and creation standard reports. New method and techniques that includes data mining should be used to utilize retrospective knowledge, to develop solutions which are close to human intelligence and to make prediction for the future.
It provides that local governments can discover hidden patterns, relationships, changes, irregularities, and rules from large datasets. Local governments can perform their decision making process more rational, more accurate and faster. Local government personnel can discover knowledge without having any theoretic information about data mining, by using developed business intelligence software.
The need to business intelligence increases
Increase in the prevalence of use of municipal management information systems and formation of huge data heaps that ordinary analyses are inadequate for, increase business intelligence need at municipal sector.
It simplifies to give information to the local government about current status and to make decision for the future. The usage of new technologies at municipal sector will become widespread. Additionally, it contributes to the national economy with income/expense, wastage and abuse analyses at local governments.
It works as integrated with OMIS.