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Business Intelligence: Transforming Data into Strategic Decisions
Today, businesses operate in a high-speed environment wherein organizations are creating huge amounts of data. Raw data is useless unless it is processed, analyzed, and changed into actionable insights to take an action by its user. That is where Business Intelligence comes into play. BI is a very important toolset for any organization to make decisions with the help of data analysis and visualization technologies.
What is Business Intelligence?
Business Intelligence Denotes an organizational plan, tools, and processes chosen to help gain information from diversified sources of which information derived must be evaluated, consolidated then reported back to the management and all other stakeholders so as to inform the key decision and, in fact, the effective attainment of any organizational operational efficiency-related goal together with a competitive edge. Business Intelligence Systems collect wide-ranging data from different origins of data; these may consist of an internal database in an organization, cloud-based computing environments, and many more external databases.
Important Dimensions of Business Intelligence
- Data Collection and Integration: The sources of Business Intelligence data are numerous…