Business Intelligence (BI)
Short Definition
A set of technologies, processes, and practices that collect, analyze, and visualize business data to support strategic and operational decision-making.
Context
Extended Definition
Business Intelligence refers to the technologies and methodologies that transform raw data into meaningful and useful insights for business purposes. It encompasses data collection, integration, analysis, and presentation through dashboards, reports, and visual analytics.
Unlike Predictive Analytics, which focuses on forecasting, BI emphasizes understanding the current and past state of the organization — providing a foundation for real-time monitoring and strategic alignment.
Contemporary BI systems integrate multiple data sources—financial, operational, marketing, and human resources—to create a unified view of organizational performance. When combined with Artificial Intelligence and automation, BI becomes Augmented Intelligence, where machine learning assists in discovering patterns and generating recommendations for managers.
Contemporary Example
See also
Part of chapter: Glossary