Information technology has been evolving since globalization. Let’s see in detail what all new technologies has been evolved in business information technology:
Hypermedia is extension to hypertext that supports links among any set of multimedia objects including graphics, sound, and video elements in addition to text elements. Hypermedia is the ability to open new web pages by clicking images, movies, graphics and other media apart from text to create a non linear network of information.
Artificial intelligence(AI) is a branch of computer science constant making computers behave like human that is a development of such computers that can think and respond like human beings. This is one of the fastest growing branches of computer science.
Business intelligence (BI) refers to a computer-based technique that presents a collection of processes, tools and technologies helpful in achieving more profit by considerably improving the productivity, sales and service of an enterprise. With the help of business intelligence methods, the corporate data can be organised, analyse in a better way and then converted into a useful knowledge of information needed to initiate a profitable business action. Thus, business intelligence is about turning a raw, collected data into intelligent information by analysing and rearranging the data according to the relationships between the data items by knowing what data to collect and manage and in what context.
Knowledge discovery is a process that extracts implicit, potentially useful or previously unknown information from the data available in the database. The ultimate goal of knowledge discovery process is to find the patterns that hidden among the huge sets of data and interpret them to useful knowledge and information.
Data warehouse is a collection of data, usually current and historical, derived directly from multiple databases that life organisation can use for analysis and decision making. The purpose, of course, is to bring key sets of data about or used by the organisation into one place. Its specific purpose is to support business decisions, not business operations. So, it is a decision support database that is main teen separately from the organisations operational database. The process of constructing and using data warehouses is called Data warehousing.
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