Business intelligence (BI) is the only way to make data-driven decisions and ensure the long-term stability of your organization. By definition, BI represents an umbrella term that includes applications, infrastructure, tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.
It is obviously a complex concept which encompasses different analytical methodologies, but we want to discuss descriptive, diagnostic, predictive, and prescriptive analytics in particular. These four models can help you optimize business performance and take your organization to the whole new level, so you definitely want to learn more about the ways to incorporate analytics into your company. Our post will show you 9 practical ways to achieve this.