Business Intelligence
MAYATECK
What is business intelligence?
Business intelligence (BI) refers to the strategies and technologies used to transform raw data into meaningful, actionable insights. Though, historically speaking, BI really only referred to the production and use of historical, descriptive operational data, that definition has changed. As Tableau puts it, “Business intelligence (BI) combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations to make more data-driven decisions.”
While enabling technologies such business process automation (BPA) tools or enterprise resource planning (ERP) platforms may be the vehicle that drives digital transformation, data or business intelligence is the fuel. The primary goal of BI is to help companies bring order to the massive amounts of data they collect by supporting these 4 basic objectives:
- Data Collection
- Data Storage
- Data Analysis
- Data reporting
