What is Business Intelligence?
Business intelligence is the set of theories, methodologies, processes that derive insights from raw data and transform it to a more meaningful or useful data for business growth.
Why is Business Intelligence important?
BI is important to improve access to the firm's data and then use the raw data and implement data analytics to increase profitability and wise decision-making for the organization. These insights are important to increase productivity, revenue and accelerate growth.
How Business Intelligence tools work?
BI encompasses a wide variety of tools and apps that collects data from both internal and external systems that enable organizations to prepare for analysis, develop and run queries on top of the collected data to contribute to decision making through charts, dashboards and data visualizations.