Application of Business Intelligence In Banks (Pakistan)

Abstract

The financial services industry is rapidly changing. Factors such as globalization, deregulation, mergers and acquisitions, competition from non-financial institutions, and technological innovation, have forced companies to re-think their business.Many large companies have been using Business Intelligence (BI) computer software for some years to help them gain competitive advantage. With the introduction of cheaper and more generalized products to the market place BI is now in the reach of smaller and medium sized companies. Business Intelligence is also known as knowledge management, management information systems (MIS), Executive information systems (EIS) and On-line analytical Processing (OLAP).