Business intelligence (BI),
Definition of Business intelligence (BI):
Computer-based techniques used in spotting, digging-out, and analyzing hard business data, such as sales revenue by products or departments or associated costs and incomes. Objectives of a BI exercise include (1) understanding of a firms internal and external strengths and weaknesses, (2) understanding of the relationship between different data for better decision making, (3) detection of opportunities for innovation, and (4) cost reduction and optimal deployment of resources. See also competitive intelligence.
How to use Business intelligence (BI) in a sentence?
- If you can have a good business intelligence you should be able to out think your counterparts and move up quickly.
- The man used his business intelligence to build up his businesss profits and stocks while also bringing down other business competition.
- Revenues declined with the old model TV sets, though business intelligence has also shown us where the inflection point for the drop was, seen on the graph about 6 months after the newer models were announced.
Meaning of Business intelligence (BI) & Business intelligence (BI) Definition