business intelligence definition and solutions

#Business intelligence definition and solutions software

#Business intelligence definition and solutions software

The restaurant owner using prominent features in the software analyzes the customer mindset and derives valuable insights about cuisines served in the restaurant. The restaurant went on to conduct a survey using business intelligence software and feedback is collected from customers about different types of cuisines. The business intelligence comprises of collection, analysis, and presentation of business-related information and is more often considered as an outcome of business research enabling smarter business actions.įor example, A restaurant owner wants to understand the preference of his customers, type of cuisine they like, and why they like that specific cuisine. Analysis of the collected data by using comprehensive technological tools helps in getting actionable insights. It is also used as an umbrella term, which bundles business intelligence software along with other tools, applications and best practices used to collect intelligent business insights, analyze the information for optimizing overall business performance.īusiness intelligence depends on the process of business research to gather data.

Importance of business intelligence in an organizationīusiness intelligence is defined as a process of collecting and processing business information to derive insights and make profitable business decisions.

Business intelligence: types and methodologies with examples.