Business Intelligence

Business intelligence is a technology-driven process for analysing data and delivering actionable information that helps executives, managers and workers make informed business decisions. As part of the BI process, organizations collect data from internal IT systems and external sources, prepare it for analysis, run queries against the data and create data visualizations, BI dashboards and reports to make the analytics results available to business users for operational decision-making and strategic planning.BI tools are crucial to effective measurement through the use of key performance indicators and metrics across all levels of an organization, in all industries. Business intelligence tools allow companies to see both historical and current data in context, which enables better decision making and/or prediction development depending on your business objectives.

The growing accessibility of big data is making modern business decisions more crucial but also more difficult to obtain. An enterprise data warehouse often contains a terabyte or more of raw data that needs to processed and made ready for analysis. BI systems allow for comprehensive analysis of data — often in minutes — to respond to specific business requests. All organizations will benefit from business intelligence, but here are some clear indicators that you should look into a business intelligence technology for your business: