Business intelligence, sometimes known as business performance management, is a set of technologies used to increase the understanding of business processes and their associated data.
Good use of business intelligence helps you to improve your organization and organize data about your organization so that it is useful, actionable, and capable of transforming your underlining business processes.
These goals are achieved through the following processes:
- Gather data
- Turn data into useful information
- Use information to impart knowledge
- Turn knowledge into action
- Data integration
- Information presentation
- Reporting
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