Business Intelligence (BI)

Business Intelligence (BI) refers to the technologies, tools, applications, and practices for the collection, integration, analysis, and presentation of business data. The primary goal of BI is to support better business decision-making by providing comprehensive insights into historical, current, and predictive views of operations. It encompasses a wide range of processes and systems, including data mining, data analysis, performance benchmarking, and reporting. BI systems help organizations to transform raw data into meaningful information, allowing stakeholders to make informed decisions based on quantitative and qualitative data analysis. Key components of BI include data warehousing, dashboards, and reporting tools, which facilitate the visualization and dissemination of data insights throughout an organization. Overall, BI enables businesses to improve operational efficiency, enhance competitiveness, and drive strategic planning through data-driven insights.