Glossary

Business Intelligence describes a category of software products that is capable of analysing data sets, that may be very large, and identifying patterns or relationships within the data that would not otherwise be apparent. BI offers significant benefits for managers or executives trying to understand data that describes complex and often changeable behaviour.

Business jet describes an aircraft, usually of smaller size, designed for transporting groups of business people. The more formal terms of corporate jet or executive jet tend to be used by the firms that build, sell, buy, and charter these aircraft.

A business consists of a set of interconnected business processes. Each business process is a group of related tasks and activities. Visualization of business processes (for example, as a flowchart) helps management teams analyze, improve and optimize performance, and make changes to support strategic initiatives.

This term describes a very common business model adopted by many manufacturers who sell primarily or exclusively to other manufacturers, rather than to consumers.

This term describes a business model where a business sells goods or services directly to individual consumers for personal use.