Business Intelligence tools are helping businesses streamline their activities and improve sales. But their incredible power to analyze and report on large data sets is being leveraged by many other sectors too. Here we explore what BI tools are, how they are used and also showcase a few examples of industries making good use of them.
What is the use of BI tools? Business Intelligence tools, BI for short, are any of a series of software tools, usually standalone, that are tailored to specific industries. These tools are used to retrieve, analyze and report on data that is used for further decision making. These tools enable a business to query a set of data, aka “Big Data”, to provide insightful and actionable business information. This provides a business management team the ability to see the big picture and plan accordingly.
Author: Christopher McFadden