Business Intelligence (BI) is a set of processes, tools, and technologies used to analyze and transform data into actionable insights for decision-making. It involves the collection, integration, analysis, and visualization of data to help organizations make more informed and data-driven decisions.
BI may involve creating dashboards and reports that provide real-time updates on key performance indicators (KPIs), such as sales performance, customer satisfaction, and financial metrics.
BI tools typically include data mining, data warehousing, and data visualization technologies, as well as analytical and reporting tools. These tools allow organizations to extract, transform, and load data from various sources, and then analyze and visualize it in ways that make it easy to understand and act upon.
BI is a critical tool for organizations seeking to gain insights from their data and use that information to make better decisions and improve performance. It is widely used in a variety of industries and can provide significant benefits in terms of cost savings, efficiency, and overall business performance.