Business Intelligence is abbreviated as BI. A formal definition of BI is that it is a process of collecting information within an area of business. In BI, data collected gets enhanced into information & then into knowledge. Business based Intelligence provides any business with an accurate idea of the customer’s requirements.
Businesses hold large amounts of information regarding their customers that can act upon that information. Businesses make the use of BI that is helpful to gain knowledge & understanding of customer’s needs, customer’s decision-making process, & economic, cultural, & technological trends. While making effective use of business intelligence, businesses select either short term or long term goals. BI helps an organization to reach those goals.

Business Intelligence is abbreviated as BI. A formal definition of BI is that it is a process of collecting information within an area of business. In BI, data collected gets enhanced into information & then into knowledge. Business based Intelligence provides any business with an accurate idea of the customer’s requirements.
Businesses hold large amounts of information regarding their customers that can act upon that information. Businesses make the use of BI that is helpful to gain knowledge & understanding of customer’s needs, customer’s decision-making process, & economic, cultural, & technological trends. While making effective use of business intelligence, businesses select either short term or long term goals. BI helps an organization to reach those goals.