Business Intelligence is the tracking, understanding, and management of information. Business Intelligence software allows businesses to perform these tasks easily. Using the information gained with Business Intelligence Software a company and can predict future events as they may relate to current decisions. Business Intelligence helps companies get to know their clients better.
Business intelligence software is appropriate for small business and large corporations alike and provides them with the ability to better understand the data their business generates such as sales data, inventory data, customer data and more. By doing so businesses are able to better determine where changes can be made to improve efficiency, response times, support levels or other important business factors.
Gathering the data that your company already generates and organizing it into a usable information to help your business learn and grow is what business intelligence systems are all about.