What is Business Intelligence?
Business Intelligence is a set of processes, architectures, and technologies that convert raw data into actionable information that helps organizations make more data-driven decisions. BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of the business.
What is the importance of Business Intelligence tools?
Business intelligence systems provide historical, current, and predictive views of business operations. They support reporting, interactive slice-and-dice, pivot-table analyses, visualization, and statistical data mining. It tackles sales, production, financial data, and many other sources of data for business purposes.
What are the benefits of Business Intelligence?
- Faster time to analysis and intuitive dashboards with drag-and-drop and no-code capabilities.
- Accurate data and faster reporting capabilities provide for better data-driven business decisions.
- Increased competitive advantage for the organizations.
- Increased organizational efficiency.
- Improved customer experience.