Business Intelligence (BI) is defined as the process of increasing the competitive advantage of any entity through the use of intelligent information in decision making. This actually consists of many activities that focus on intelligent decision making such as data sources, filtering information that is irrelevant, analyzing.
Assessing data along with the risks concerned and ultimately through the development of solutions that create support decision making. In this very competitive world, it has become very important to have a better understanding of customers, clients, business partners, and your company.
There are several elementary methods to get business intelligence. First is an increase in databases that starts with a clean database. Incomplete data, duplicate and inaccurate is a problem because it has a very important quality database. You can get a proficient reporting & application marketplace from Vizbp via online sources.
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Thus it can be referred to as the most important element of business success. All internal data must be grouped back in one dataset or a group that is interconnected so that it provides a useful step towards the development of quality intelligence.
Business intelligence not only creates new customers but also maintains the old and existing ones. Businesses that use it understand customers – their needs, lifestyle, preferences, economics, social, cultural trends, etc.
Then BI helps companies to achieve long-term goals easily. As far as the history of business intelligence, it will be far back at Sun Tzu's -Art of War according to the knowledge of someone's strength and weaknesses it is very important to win the war. Thus the BI Center is related to ensuring the strengths and weaknesses of the associated company.