Business Intelligence (BI) is a tech-driven set of strategies and processes used by enterprises for the data analysis and management of business information. BI employs technology to dissect data and provide actionable insights, empowering executives, managers, and employees to make well-informed business decisions. In this process, organizations collect data from internal IT systems and external sources, preprocess it, perform queries, and create visualizations of data, BI dashboards, and reports. The products of these tools facilitate the spread of analytical findings to business users, helping them make operational decisions and set strategic paths.
BI goals are designed to make business decisions better and result in higher revenue, efficient operational processes, and a leading edge over competitors. Achieving this goal requires a combination of analytics, data management, and reporting tools along with various methodologies for data management and analysis.
