Business Intelligence is a term used to describe a set of methods and concepts which helps in improving the business decision making. It is the major part of Business management and consists of applications and technologies that allows users to gather, access, and analyse a company's data and information. Business Intelligence applications include the activities of decision support system, reporting and query, statistical analysis, online analytical processing, data mining and forecasting. Business intelligence (BI) helps in simplifying information discovery and analysis and also makes it possible for decision-makers at all levels of an organization to more easily access, understand, analyze and act on information, anytime and anywhere. There are various factors that influence a Business Intelligence system and they include customers, competitors, business partners, internal operations etc.
The major aim of Business Intelligence tools is to support better decision making. For the better business decision making and strategic planning, a variety of tools are there in the market. These tools are specially designed to report, analyse and present data. Some of the major Business Intelligence tools include Spreadsheets, Reporting and Querying software, OLAP, Digital Dashboards, Data mining, process mining etc
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