The most successful companies use BI to make sense of ever-increasing amounts of data in a fast and economical way. Business intelligence offers a wide variety of tools and techniques to support reliable and accurate decision-making. Many BI systems use artificial intelligence (AI) and other capabilities as a part of business analytics. This vast amount of data, or "big data," has made business intelligence systems relevant for companies that want to harness its power for a competitive advantage. 
German market research firm Statista estimates the volume of data created worldwide by 2024 will be 149 zettabytes.
A user interface (usually an interactive dashboard with data visualization reporting tools) provides quick access the information. Business performance management (BPM) tools monitor and analyze progress towards business goals. Business analytics or data management tools mine and analyze data in the data warehouse. A data warehouse stores company information from a variety of sources in a centralized and accessible location. BI includes multiple tools and techniques to transform raw data into meaningful and actionable information. What Is Business Intelligence (BI)?īusiness intelligence refers to the technology that enables businesses to organize, analyze and contextualize business data from around the company. Plus, we share examples of how some of the most tech savvy companies are using BI. #BUSINESS INTELLIGENCE APPLICATIONS IN A COMPANY SOFTWARE#
We explain how implementing BI software can give companies of any size a competitive edge. Middle East, Nordics and Other Regions (opens in new tab)īusiness intelligence (BI) provides data that helps companies make timely and informed decisions.United States/Canada (opens in new tab).Advertising & Digital Marketing Agencies.
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