What is Business Intelligence?

  • there are several different definitions but to put it simply, BI is about delivering relevant and reliable information to the right people at the right time with the goal of achieving better decisions to do.
    Or we could have another definition for instance
  •  BI is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions.

Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.

For instance, in this photo, you can see bi abilities. Such as;

  • Identifying opportunities like analyzing competitors and identifying points of strength and weakness.
  •  You can also see Reducing cost, by analyzing the budget, ROI, etc.
  •  Increasing profit, like Improving customer satisfaction, a change in the consumer’s behavior.
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