How Business Intelligence Can Help Your Business
Business intelligence is a set of techniques, technologies, and software tools that support data visualization and analytics operations. Almost every industry uses BI for growth strategies and better clarity of information. It turns raw, complex datasets into comprehensible information that anyone can understand and use. It also supports fact-based decision-making. Let's discuss the usefulness of Business Intelligence in brief. 1. Analyze Data Business intelligence transforms raw data into comprehensible information that teams can use to make decisions. This process includes analyzing existing data to understand past trends and making predictions about future behaviors. BI can also be used to analyze data in real-time, which improves efficiency and eliminates manual processes that can lead to errors. This can help increase productivity and revenue while reducing costs. For example, a clothing company might use BI to identify patterns in customer buying behavior and adju...