“Business Intelligence is providing the right data at the right time to right people so that they can take the right decisions.” The term Business Intelligence (BI) revolves around the technology-driven process for analysing data and delivering actionable information to take brilliant business decisions. Business intelligence tool encapsulates strategies and technologies used by enterprises for data analysis of business information.
BI tools are types of application software which collect and process large amounts of unstructured data from internal and external systems, including books, journals, documents, health records, images, files, email, video and other business sources. Albeit not as flexible as business analytics tools, BI tools provide a way of deciphering data to find information through queries. These tools also help prepare data for analysis to create reports, dashboards and data visualizations. The results empower organizations to accelerate and improve decision-making, increase operational efficiency, identify market trends, and identify new business opportunities.
by Anjali UJ