Business Intelligence

Business Intelligence makes reference to the usage of different strategies and tools that are useful to transform the information in knowledge. Which main objective is to improve the decision making process in the companies.

https://www.oracle.com/es/business-analytics/business-intelligence/

Some of the advantages of Business Intelligence tools are:

Own Elaboration

Business intelligence can help companies make better decisions by showing present and historical data within their business context. Analysts can leverage BI to provide performance and competitor benchmarks to make the organization run smoother and more efficiently.

https://www.forbes.com/sites/sisense/2021/10/15/welcome-to-the-next-generation-of-business-intelligence/?sh=4fde28992509

Analysts can also more easily spot market trends to increase sales or revenue. Used effectively, the right data can help with anything from compliance to hiring efforts. 

(BI) can be defined as systems that combine:

  • Data Storage
  • Knowledge management
  • Data gathering

with analysis to evaluate complex corporate and competitive information for presentation to planners and decision makers, The objective of improving the timeliness and the quality of the input to the decision process.

Some of the advantages of Business Intelligence tools are:

Own Elaboration

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