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Business intelligence (BI) can play a fundamental role in the strategic decision making of any company. The term encompasses the set of tools, processes and infrastructures used to identify and analyze actionable information that inform an organization’s strategic and tactical business decisions. BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, maps, to provide users with detailed intelligence about the state of the business or organization.

Transforming data from multiple sources into Business Insights

Collecting data from disparate sources can become problematic if it isn’t uniform. One of the biggest benefits of BI is that it is programmed to capture data from several sources and convert it into a clean stream for parsing and visualization, then consolidate and summarize informations that are specifically useful, by cutting down on the time it takes to standardise data.

These are some Benefits of Business Intelligence for entreprises and organizations :

• Look at the right data : with much information at your disposal, it may be a challenge to determine which metrics are the most important for your businesses. With the BI, all of these insights can help you find strengths and weaknesses that may lead to improvements.
• Utilise key performance indicators (KPIs) : tracking KPIs through the whole company is essential to running a worthwhile business intelligence model, making it easier to see the path to improvement.
• Predictive and prescriptive analytics : professionnals are always seeking actionable insights from their data, and the forecasts produced by predictive analytics offer direct suggestions for future action.