Business Intelligence |
What is Business Intelligence?
Business Intelligence (BI) is a technique through which the row data converts into meaningful information. Business Intelligence (BI) is the process of making good, healthy and balanced decision making for a business. Business Intelligence technologies give historical, current and prophetical views of business operations. Business Intelligence is abbreviated as BI.
Business Intelligence (BI) permits the business to create intelligent, fact-based decisions and selections.
Business Intelligence (BI) is a huge range of software and solutions which aimed at collection, consolidation, analysis and providing access to information. Business Intelligence (BI) allows all the users across the business to make better decisions.
The Business Intelligence (BI) technology includes software, such as, for the database query and the data analysis, multidimensional databases or OLAP tools, data warehousing and data mining, and web-enabled reporting capabilities.
Business Intelligence (BI) is applied across disciplines but especially in Supply Chain Management (SCM), Customer Relationship Management (CRM), Enterprise Resource Planning, etc.
Business Intelligence (BI) provides faster, better and more accessible reports.
Aggregate Data --> Present Data --> Enrich Data --> Take a Decision
Why is Business Intelligence (BI) important?
Importance of Business Intelligence --> To make a good, healthy, quality, intelligence and balance business decisions.
Business Intelligence (BI) is very important for all businesses to make them healthy and good decision for the business. Business Intelligence (BI) helps to understand the market trends and spot the businesses problems. Business Intelligence (BI) also helps to collect the quality data which increase the quality of the decision making.
In simple word, we can say that Business Intelligence (BI) is important to make balance, quality, good, faster, better and more accessible reports business decisions.
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Business Intelligence |
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