Why is Business Intelligence (BI) popular now more than ever?

To help firms, institutions, corporations, universities, etc. make more data-driven decisions; business intelligence (BI) which includes business analytics, data mining, data visualization, data tools and infrastructure, and best practices are being utilized.
In practice, we've got modern business intelligence when we have a holistic perspective of our organization’s data and can utilize it to drive change, eliminate inefficiencies, and quickly adjust to market or supplier changes.
Business intelligence is a broad word that encompasses the processes and methods for collecting, storing, and evaluating data from business operations or activities in order to improve performance. All of these elements combine to form a comprehensive image of a business, allowing people to make more informed, proactive decisions.
Samples of Business Intelligence are:
1. Data mining
2. Reporting
3. Performance metrics and benchmarking
4. Descriptive analytics
5. Querying
6. Statistical analysis
7. Data visualization
8. Visual analysis
9. Data preparation
Why is business intelligence important and is becoming the trend now more than ever?
Watch this video in full to learn why. 📊📈📉
Need help with building an entire Business Intelligence structure for your organization from scratch with complete data sets and subsets? Contact us for support.
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