What is Business Intelligence?
What is Business Intelligence?
Business intelligence (BI) referes to the process for analyzing and presenting data to help corporate executives, business managers and other end users make more informed business decisions. BI encompasses a wide variety of tools, applications and methodologies that enable organizations to collect data from different systems and sources, prepare it for analysis, develop and run queries against the data, create reports, dashboards, and data visualizations to make the analytical results available to help make better business related decisions.
The benefits of using business intelligence software include optimizing operations , increasing business processes, and increasing operational efficiency to gain competitive advantages over business rivals. BI data and BI Analytics can greatly help in a companies strategic planning process. Business Intelligence systems includes querying, enterprise reporting, online analytical processing(OLAP)and mobile BI.
Business Intelligence also compromises data visualizations software for designing charts and other information. BI programs can also incorporate forms of advanced analytics, big data analytics , data minining and predictive analytics .
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