What is Business Intelligence?
Business intelligence, sometimes abbreviated BI, is a broad term that describes the set of processes that business use to analyze the data that they generate through operations and turn it into actionable insights that can drive effective business decision-making. Business intelligence efforts are frequently undertaken with the aid of sophisticated software tools that are managed by IT operations personnel. The software is leveraged to help answer questions about business performance which can then be presented to managers and executives to support the decision-making process.
The primary purpose of business intelligence is to report on the performance of internal and external systems in a timely way. Business intelligence software applications make use of dashboarding, reporting and data visualization features that make it easier for decision-makers to quickly understand and interpret data.
Business intelligence bears some similarity to business analytics, but despite their commonalities there are still some