Business intelligence (BI) has the ability to change data into information and information becomes knowledge. It optimizes the process of business decision-making.
A set of strategies and tools focuses on creation and knowledge management through existing data analysis of organizations or businesses. You can also avail the help of business intelligence software from https://dotnetreport.com/blog/2021/01/embedded-reporting-dashboard-and-business-intelligence-software-options-available-to-software-developers/.
From the point of view of information technology, we can say that BI software is a set of methodologies, applications, and technology that allows businesses to group and change data obtained from a structured information system. To analyze and make information and improve business decisions.
It includes today’s understanding of business functions and anticipating future events, to provide the body of knowledge to support business decisions. Business intelligence refers to the set of tools to extract business experience.
A set of systems to delineate dynamic customer base, such as sales trends, niche value, customer churn, profitability segments. Intelligence tools are based on the use of information systems that bring together data from production processes, information relating to the business, and economic data.