What was the core objective of using BI?
The purpose of business intelligence in a business is to help corporate executives, business managers, and other operational workers make better and more informed business decisions. Companies also use business intelligence to cut costs, identify new business opportunities, and spot inefficient business processes.Click to see full answer. Also, why is BI important?Business Intelligence (BI) helps…
The purpose of business intelligence in a business is to help corporate executives, business managers, and other operational workers make better and more informed business decisions. Companies also use business intelligence to cut costs, identify new business opportunities, and spot inefficient business processes.Click to see full answer. Also, why is BI important?Business Intelligence (BI) helps convert raw data into meaningful information for informed business decisions. BI tools are important for a number of reasons, including: BI helps improve visibility. It helps identify areas for improvement in the business.Additionally, what is the use of BI tools? Business intelligence tools are generally standalone software tools tailored to a specific industry needs. BI tools are made to retrieve, analyze and report data that is used for further decision making. That means you need to have the data to be analyzed and tuned into insightful and actionable business information. Furthermore, what is BI technology? Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information which helps executives, managers and other corporate end users make informed business decisions.What is the role of business intelligence?Business intelligence (BI) represents the tools and systems that play a key role in the strategic planning process within a corporation. These BI systems allow a company to gather, store, access and analyze corporate data to aid in decision-making.
