Why Business Intelligence is required?

Question

Why Business Intelligence is required?

Answer 1

In recent years, Business Intelligence has gained a lot of popularity. It has become an important asset in the business industry. It is a technology-driven process that is used to analyze raw data and gain insights to make informed business decisions. It consists of statistical techniques, strategies, and methods that organizations utilize to perform data analysis and get valuable business information.

Some of the most important reasons why these organizations make use of Business Intelligence include:

• Improve customer satisfaction
• Better Return on Investment (ROI)
• Reduce and manage business risks
• Increase business efficiency
• Improve decision making
• Gain a competitive edge over business rivals

To learn more about Business Intelligence you must read this comprehensive MSBI Tutorial.

You should also check out this BI video tutorial: