This is a guest post.
Business Intelligence can be interpreted as the technological process for one to scan and inspect raw data for gathering actionable insights and converting that insight into an informed decision for business. Using BI solutions companies are not only able to study their past performance but also predict the future trends.
BI practices are able to increase performance of their activities as they are more focused and data driven, leading to much higher results in performance and outputs. The combination of new generation analytical tools and machine learning has given BI a huge boost to using raw data for insights.
Let’s understand how BI has impacted the business world by allowing for more informed decision making:
Business intelligence software like Microsoft Power BI, comes with interactive dashboards and visualizations options for looking at different components of business in a meaningful way. It increases the understanding of