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Talking about Business Intelligence, it is the ability to transform the researched data into information & information into knowledge, this specifically optimizes the business-decision making process. A set of strategies & tools focus on knowledge creation & management via the analysis of the existing data from an organization or business. If we talk about the viewpoint of information technology, we can surely say that BI is a set of methodologies, applications & technologies that permit a business to group & transform the data obtained through structured information systems to do the analysis & information creation & improvising the process decision-making of the business. Trending Technologies make your business grow & establish on the right path towards the destination of success acquirement with profitability
While referring to business intelligence, we can easily differentiate the concepts of data, information & knowledge. Data are basically minimum semantic unit & are one of the primary elements of information. These alone are one of the irrelevant things within the decision-making process. A phone number or the name of a person are examples of data. The data can be collected through external or internal company sources