Business intelligence can be described as combination of methodologies, processes, architectures, and technologies for transforming raw data into meaningful and useful information t be used for more effective strategic, tactical, and operational insights and decision-making.”
Business Intelligence (BI) tools can help companies monitor data and also in generating business insights. By using BI tools, businesses become smarter and enterprises can make better decisions which would increase productivity. Organizations that want to use business intelligence tools must consider the size of their company, departments as well as teams. Other than that, success factors that influence the decision-making of a company must also be addressed to know what is working for the organization and what is not?
BI has been proven useful for business organizations in the following ways;
ln essence BI provides faster and more accurate reporting, analysis or planning; better business decisions; improved employee satisfaction and improved data quality top the list. Benefits achieved least frequently include reducing costs, increasing revenues and reducing IT headcount.