Saving progress so your system can crash at a later, more inconvenient time.
Business Intelligence (BI) refers to a comprehensive suite of technologies, strategies, and practices that organizations employ to collect, analyze, and present business data. The primary objective of BI is to support better decision-making by transforming raw data into meaningful insights. This process involves various activities, including data mining, reporting, and querying, which help organizations understand their operations, market trends, and customer behaviors. BI is crucial for data-driven decision-making, enabling businesses to identify opportunities for growth, optimize processes, and enhance overall performance.
BI is utilized across various industries and sectors, from retail to finance, where timely and accurate information is paramount. It is particularly important for data analysts, business intelligence analysts, and executives who rely on data to inform strategic decisions. By leveraging BI tools and technologies, organizations can visualize data through dashboards and reports, making complex information more accessible and actionable. In an era where data is abundant, BI serves as a critical framework for navigating the vast landscape of information and deriving value from it.
When the sales team realized their quarterly targets were based on last year’s data, they quickly turned to business intelligence tools to avoid another “surprise” meeting with the CFO.
The term "Business Intelligence" was first coined by Hans Peter Luhn, a computer scientist at IBM, in 1958, long before data became the new oil!
