BI Glossary

Business Intelligence

What is Business Intelligence?

Business intelligence (BI) is the process of collecting data and turning it into meaningful information that is actionable when making business decisions.Business intelligence has several components that differentiates it from analytics:

  • Reporting: accessing, formatting and delivering data
  • Analysis: patterns and relationships in the data
  • Data mining: extracting information from data
  • Data quality and interpretation: correlation between data and the real-world
  • Predictive analysis: trends and probabilities
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