BI means smart use of information and information technology can be one of the most effective ways to gain a competitive advantage and thrive in times of change and also we can derive BI is the term used in high end business environment and multinational corporate. We can define the Business intelligence (BI) is a category of applications and technologies for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions.
BI applications include decision support systems, query and reporting, online analytical processing, statistical analysis, forecasting, and data mining. Simply we can say that Technologies that help companies make better business decisions. In fast growing business environment business content will have an increasing effect on business intelligence processing over the next few years. Yes! This could be caused the great impact on
Importance of Business Intelligence:
A strategic Business Intelligence platform puts the right information in the right hands at the right time, and gives managers and executives the ability to test various scenarios for business spending and investments while monitoring important operational drivers of company performance. BI is an integrated suite of software system that provides complete business solution for multi national business.