Business Intelligence (BI) is a technology-driven software application that takes an important role in organization’s strategic decision using their raw data.  In other way, BI is most advanced version of our traditional statistics method we used in the past for analysis of data.  BI tools collect millions of data from different sources and execute advanced reports for business operations.  BI technologies provide historical, current and predictive views of business operations.  Organization use BI to improve decision making, cut operation costs and identify new business opportunities.  BI is more than just reporting tool, it provides informative instructions to CEO, CFO, CIO, COO, CMO, Directors and Managers to drive their current and future business.

Functions :

• Reporting
• Online analytical processing
• Analytics
• Data mining
• Process mining
• Complex event processing
• Business performance management
• Bench marking
• Text mining
• Predictive analytics
• Prescriptive analytics
• Easy interpretation of big data

Benefits :

• Accelerating and improving decision making
• Gaining competitive advantages
• Optimizing internal business processes
• Spot business problems
• Increase operation efficiency
• Driving new revenues
• Identify market trends
• Identify new business opportunities
• Implementing effective strategy

Business Intelligence Software :

• JasperReport
• BIRT
• Pentaho
• Tableau
• Microsoft Power BI
• QlikView