What is Business Intelligence Software?
Business intelligence (BI) software is a collection of business analytics tools used by businesses to retrieve, analyse, and turn data into meaningful business insights, typically in the form of easy-to-read visualisations such as charts, graphs, and dashboards. Data visualisation, data warehouses, dynamic dashboards, and reporting capabilities are examples of BI tools. Unlike competitive intelligence, which examines data from external sources, a BI solution integrates internal data produced by the organisation into an analytics platform for profound insights into how different sections of the company affect one another.
Businesses must base their opinions on evidence in order to make educated decisions. The mounds of data produced by firms and their customers contain proof of purchase patterns and market dynamics. Businesses may better understand their consumers, estimate revenue growth, and defend themselves from business dangers by aggregating, standardising, and analysing that data. read the rest here