Which of the following statements is TRUE of business intelligence (BI) systems? Business intelligence systems are primarily used for developing software systems and data mining applications. The software component of a business intelligence system is called an intelligence database. Business intelligence systems analyze an organization's past performance to make predictions. The four standard components of business intelligence systems are software, procedures, applications, and programs.

The true statement among the options you provided is: "Business intelligence systems analyze an organization's past performance to make predictions." Business intelligence (BI) systems indeed analyze the historical data of an organization to identify patterns, trends, and insights. These insights are used to make informed business decisions and to predict future trends and outcomes.

Extra: Business Intelligence (BI) systems are essential tools in modern organizations. They are designed to handle large amounts of data to help identify, develop, and create new strategic business opportunities. Let's expand on some of the key concepts:

1. **Analyzing Past Performance**: One of the primary functions of BI is to analyze an organization's past performance. This involves collecting data from various sources within the organization, such as financial systems, sales reports, customer feedback, and more. Once the data is collected, BI uses statistical analysis, data mining, and other analytical processes to extract meaningful insights.

2. **Making Predictions**: BI systems use techniques such as predictive analytics to forecast future events based on historical data. Predictive models can help businesses anticipate customer behavior, market trends, and potential risks.

3. **Components of BI Systems**: While the statement about the four standard components of BI systems being software, procedures, applications, and programs isn't entirely accurate, BI systems do consist of several components. They include: - Data sources: Various systems where data is collected from. - Data warehouses: Central repositories where data is stored and organized. - Tools and software: These are used for data processing, analysis, reporting, and dashboard creation. - Procedures and policies: Guidelines on how data is to be handled, analyzed, and used within the organization. - Human aspects: The skills and expertise required to interpret the data and use the tools effectively.

4. **Development of Software Systems and Data Mining Applications**: While BI systems do involve the use of software and can be used for data mining, they are not primarily used for developing software systems. BI is more about analyzing data and supporting decision-making rather than software development.

5. **Intelligence Database**: The term "intelligence database" isn't a standard term in BI. Usually, we refer to a 'data warehouse' or 'data mart' which is a structured repository of data collected from various sources and used for reporting and data analysis.

In essence, BI systems are powerful analytics tools that help organizations understand their business better, improve decision-making, gain a competitive edge, and predict future scenarios. They do this through a complex combination of data collection, data storage, and analytical technologies, supported by various methodologies and processes.