Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Tutoring
  • Home
  • Business Management & Operations
  • Management, Leadership, & Organizational Behavior

Business Intelligence - Explained

What is Business Intelligence?

Written by Jason Gordon

Updated at October 5th, 2022

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

Table of Contents

What is Business Intelligence (BI)?How does Business Intelligence (BI) Work?Academic Research on Business Intelligence

What is Business Intelligence (BI)?

Business intelligence is the methodological and technical infrastructure for the collection, storage, and analysis of data resulting from the company's undertakings. Business Intelligence includes data search, process analysis, benchmarking of performance, descriptive analytics and other data related processes that influence the managerial decisions in a company.


Back to: BUSINESS MANAGEMENT

How does Business Intelligence (BI) Work?

Business Intelligence involves the use of software to undertake the company's data unification and analysis. 

Besides software solutions, there is a need for data scientist specialist to ensure the balance responsibility between speed and reporting depth. 

 Higher speed, reporting and analysis accuracy, higher data quality, more satisfaction from employees, profitability and sound decision making within the company are some benefits of business intelligence.


business intelligence

Was this article helpful?

Yes
No

Related Articles

  • Prospect Theory - Explained
  • Blake and Mouton's Leadership Model (Managerial Grid) - Explained
  • Influence and Individual Behavior - Explained
  • Adhocracy - Explained



©2011-2023. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand