When a company archives data for later analysis, its employees will use business intelligence tools to work with the data and obtain information on how the organization is progressing toward its goals.
Business intelligence (BI) is a tech-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.
In order to make the analytics results available to business users for operational decision-making and strategic planning, organizations collect data from internal IT systems and external sources, prepare it for analysis, run queries against the data, and create data visualizations, BI dashboards, and reports.
Better business decisions that help enterprises boost revenue, boost operational effectiveness, and gain a competitive edge over rival companies are the ultimate goal of BI projects.
In order to accomplish that, BI combines analytics, reporting, and data management technologies with a number of different data management and analysis approaches.
Hence, business intelligence is the anser.
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