Business intelligence
Business Intelligence (BI) is software that collects business data and presents it in user-friendly views such as reports, dashboards, charts, and graphs. BI tools allow business users to access different types of data – historical and current, third-party and internal, as well as semi-structured and unstructured data such as social networks. Users can analyze this information to gain insight into business performance.
Why is business intelligence important ?
Business intelligence gives organizations the ability to ask questions in simple language and get answers they can understand Instead of using best predictions, they can make decisions based on what business data tells them, whether that data is relevant to production, supply chain, customers or trends. market or not.
How does business intelligence work ?
A Business Intelligence architecture includes more than just BI software. Business intelligence data is typically stored in an organization-wide data warehouse or in smaller data repositories containing subsets of business information for individual departments and business units. Usually tied to a corporate data warehouse. Additionally, data lakes based on Hadoop clusters or other big data systems are increasingly being used as repositories or landing platforms for BI data and analytics, especially for log files, sensor data, text, and other types of unstructured or semi-structured data.
BI data can include historical information and real-time data collected from source systems as it is generated, enabling BI tools to support strategic and tactical decision-making processes. Before being used in BI applications, raw data from disparate source systems often needs to be integrated, consolidated, and cleaned using data integration and data quality management tools to ensure that BI teams and business users analyze information accurately and consistently.