Business Intelligence

Definition: Business Intelligence (BI) is a technology-driven process that involves the analysis of business data to provide actionable insights, facilitate informed decision-making, and improve overall business performance.

This multifaceted approach encompasses a range of tools, applications, and methodologies designed to transform raw data into meaningful information.

Components of Business Intelligence:

Data Warehousing:

Data warehousing is a central component of BI, involving the collection, storage, and management of large volumes of structured and unstructured data from various sources. This centralized repository allows for efficient data analysis and reporting.

Data Analytics:

BI relies heavily on data analytics tools to uncover patterns, trends, and correlations within the data. From descriptive analytics that summarize historical data to predictive analytics that forecast future trends, these tools help organizations extract valuable insights.

Data Visualization:

Presenting complex data in a comprehensible format is crucial. Data visualization tools transform raw data into visually appealing charts, graphs, and dashboards, making it easier for stakeholders to grasp insights quickly.

Advantages of Business Intelligence:

Steps to Implement Business Intelligence:

Other Terms :

Back Office   |   Benchmarking   |   Business Process Automation   |   Business Process Management (BPM)   |   Business Performance   |   Business Process Outsourcing (BPO)   |   Break Count   |   Break Duration Seconds   |   Breaks Per Day   |   BPM Workflow   |   Business Workflow Automation   |   Back-Office Analytics   |   Bradford Factor   |   Billable Time   |   Business Tools

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