Business Intelligence (BI)
Business intelligence combines business analytics, data visualization, data mining, visual analysis, reporting, data tools and infrastructure, and best practices to help businesses and organizations to make more data-driven decisions. Business intelligence can help companies make better decisions by showing present and historical data within their business context.
Benefits of Business Intelligence
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Identify ways to increase profit and reduce waste.
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Track performances and optimize operations.
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Analyze and understand customer behavior.
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Identify market trends and predict success.
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Discover issues or problems in the system.
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Compare data with competitors.
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Provide real-time analysis.