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Business Intelligence (BI) is a set of strategies, processes, applications, and technologies that transform raw data into meaningful and useful information for business analysis purposes. It enables organizations to make informed decisions and gain a competitive advantage. BI technologies provide historical, current, and predictive views of business operations.
BI tools are used to analyze data from multiple sources, including operational systems, external data sources, and data warehouses. They can be used to identify trends, correlations, and patterns in data, as well as to generate reports and dashboards. BI tools can also be used to create predictive models and to automate decision-making processes.
BI solutions are used by organizations of all sizes, from small businesses to large enterprises. They are used in a variety of industries, including finance, healthcare, retail, manufacturing, and government.
Some companies in the BI market include Microsoft, IBM, Oracle, SAP, Tableau, Qlik, and SAS. Show Less Read more