What is business intelligence and how does it work?

Question

What is meant by business intelligence?

Answer 1

The procedure of collecting, analyzing, and presenting data to help organizations make wise decisions is known as business intelligence (BI). BI systems gather information from a variety of sources, including social media, transactional systems, and consumer contacts, and then use analytical tools to transform that information into insights and useful information. With the help of these insights, businesses can improve their decision-making processes, optimize their operations, and gain a competitive edge.

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