Business Intelligence

Analytics - Business Intelligence

Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, business managers and other end users make more informed business decisions. BI encompasses a variety of tools, applications and methodologies that enable organizations to collect data from internal systems and external sources, prepare it for analysis, develop and run queries against the data, and create reports, dashboards and data visualizations to make the analytical results available to corporate decision makers as well as operational workers. BI programs can also incorporate forms of advanced analytics, such as data mining, predictive analytics, text mining, statistical analysis and big data analytics.

Functions of Business Intelligence and how it contributes to the ITaaS model:

  • Accelerating and improving decision making

  • Optimizing internal business processes

  • Increasing operational efficiency

  • Driving new revenues

  • Gaining competitive advantages over business rivals

  • Help companies identify market trends and spot business problems that need to be addressed