At its core, Business Intelligence (BI) is the technologies, applications and practices used by organizations to collect, analyze and present business-specific information. In other words, BI is key to effective, informed and actionable decision-making, be it machine-learning based analytics, predictive modeling or real-time data analytics.
BI is integral in every operation, at every stage, be it planning restaurant operations based on analysis of purchase orders and receipts, or streamlining the manufacturing line based on scientific, data-driven demand analysis. This infographic discusses diverse BI tools and their components and capabilities, and how to choose the right one for your operation.
Business Intelligence Concepts & Components:
Infographic by – Intellicus