Real-time business intelligence

Real-time business intelligence (RTBI) is an approach to business intelligence that reduces the delay between events and the information used in decisions. This is different from conventional business intelligence (BI), where reporting is usually from historical data. By making data available closer to the time that the activity occurs, RTBI can support monitoring and operational response.

RTBI systems use refreshed analytical stores, event streams, event logs, complex event processing, business activity monitoring, or related architectures. Their output may appear through dashboards, alerts, process monitoring tools, analytical views, or responses.

“Real time" depends on the context. Some systems process events within seconds, while others are better described as near-real-time. RTBI therefore involves trade-offs between speed, data freshness, cost, complexity, and the reliability of the information available at the time of analysis.

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