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Operations

What Is Business Intelligence? Working, Importance, and Tools

February 6, 2024

Operations

What Is Business Intelligence? Working, Importance, and Tools

February 6, 2024

Photo by Choong Deng Xiang on Unsplash

  • Business intelligence (BI) refers to technologies, applications, and practices that collect, analyze, and present business information to support organizational decision-making.
  • The history of BI can be traced back to the 1960s when businesses started using computer systems to automate processes and store data. Modern BI systems incorporate features like real-time analytics, data visualization, and mobile accessibility.
  • This article explains what business intelligence is, how it works, and the importance of BI. It also discusses the various types of BI tools, their importance, and business intelligence use cases.

What Is Business Intelligence?

Business intelligence (BI) refers to technologies, applications, and practices that collect, analyze, and present business information to support organizational decision-making. It involves gathering data from various sources, transforming it into meaningful insights, and presenting it in a way that facilitates effective decision-making.

The history of BI can be traced back to the 1960s when businesses started using computer systems to automate processes and store data. However, the term “business intelligence” wasn’t coined until the late 1980s.

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Read full article here

Business intelligence helps collect, analyze, and present data to support organizational decisions in finance, HR, or IT.
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