The demand for these tools continues to grow because of their design and capacity to digest massive chunks of data, decipher these data sets, and provide companies with a visually appealing and easy-to-understand graphical representation of business trends within a given timeframe. Many competent BI systems are entering the market every day.
#WHAT IS BUSINESS INTELLIGENCE DEFINITION FOR DUMMIES SOFTWARE#
Business Intelligence software and tools are used to achieve an array of other things, including business growth, resolution of urgent issues, or predicting future outcomes. The book - Business Intelligence for Dummies - by BI guru Swain Scheps is an excellent resource if you wish to get a more in-depth understanding of BI and how it helps organizations create an environment for better decision-making.īI tools are business intelligence technologies that support businesses in understanding trends and give easy access to powerful data analysis capabilities. All this information is integrated through BI systems to arrive at a comprehensive view of a business and help it make actionable and improved decisions. and presenting data from business activities. and architectures of collecting, storing, and analyzing. Business Intelligence systems are primarily data-driven Decision Support Systems or DSS.īI covers the methods. BI serves enterprises to unlock sales and marketing potential, and innovate new business capabilities.īI is used to drive change with an organization, and help eliminate its inefficiencies by swiftly adapting to changing market dynamics. It is an umbrella term that combines data mining, data tools, business analytics, data visualization, infrastructure, and best practices to offer quick-to-digest data summaries and aid an organization in making more data-driven decisions.
What is Business Intelligence?īusiness Intelligence refers to a set of processes and technologies that convert raw data into usable and meaningful information to make profitable business decisions. Let us begin by understanding what is Business Intelligence. Business Intelligence (BI) technology is a tool that allows modern businesses to leverage data to make sound, fact-based, and actionable decisions to improve their operations and profit margins.
In the age of information, data is gold and businesses that can unearth, and make the best use of it find themselves far ahead of their competitors.
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