Business Intelligence (BI) is your capability to modify information into information and data becomes knowledge, in order to maximize the process of business decision making. A set of tools and strategies concentrates on creation and knowledge management via present information investigation of businesses or organizations.
From the perspective of information technologies, we could declare that BI is a group of methodologies, programs, and technologies that enables companies to set and transform information accessed from a structured data system to examine and make data and enhance business decisions – create the company.
It features the understanding of company purposes and anticipating future events, to supply the entire body of knowledge to support business decisions. Referring to business intelligence, we could differentiate data theories, knowledge, and information. You can purchase an efficient Bi analyzer to analyze the model, table, column sizing, column usage, and column dependencies is critical to an efficient, optimized Power BI environment.
Image Source: Google
Information is something uncertain, by way of instance, number 10, while more precise info, for example, April revenue is 10. In the end, information is obtained by assessing the info. Data is a minimal semantic device and is the major element of data. This alone isn't pertinent to this decision-making procedure.
A telephone number or somebody's name is a good illustration of information. Data may come from internal or external business resources, can be subjective or objective, qualitative or quantitative.
Additionally, this information could be described as a collection of processed information, which is applicable and has purpose and circumstance. This information is helpful for decision making since it allows reducing doubt. Information is transformed into data in order to add value.