BI: Big Data Analysis & Predictions
BI (Business Intelligence)
The term BI is a set of software and applications that carry out the process of collecting all business data, ensuring its integration with other fields, and then analyzing it. The aim of business intelligence is to ensure that the right decisions are made in order to take more effective and appropriate steps.
Importance of Business Intelligence Software Solutions
Business intelligence systems provide both past and future insights into transactions that are collected in a data repository or based on operational data. It works with the support of reporting, analysis, visualization and data mining and then creates predictable scenarios by processing business performance improvement, sales operations, productive and financial data. It also collects data from other companies in the industry and provides comparative reports.