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Business intelligence Write for Us
Business intelligence consists of technologies and strategies helpful to enterprises in data analysis and managing business information. Its functions are analyzing processes, reporting, dashboard development, analytics, data mining, text mining, process mining, complex event processing, business performance management, prescriptive analytics, predictive analytics, and benchmarking.
Business intelligence can balance the massive amount of data and the data not arranged correctly. Also, it can identify, develop, and create strategies for business opportunities. It helps to explain easily about big data. It also identifies the new opportunities that affect the process based on the insights provided by the businesses with the market’s advantage and helps make strategic decisions. Business intelligence is used to support the vast range of business decisions from operational to strategic the operating decisions include the pricing or product positioning in the strategic industry.
It involves the decisions, goals, and directions at a broadcast level. In all cases, business intelligence is most important when combined with data derived from the company’s market, which is external data from external sources internal to the business, such as financial, operations, and internal data. Combined with external and internal data, it provides us with the complete picture, which is an effect it creates an intelligence that cannot be derived from any singular set of data.
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Search related terms
The terms associated with this topic are below:
- Data mining
- Process mining
- Business performance management
- Business opportunities
- Text mining