cs
Experience
10+ Years

Business Intelligence

Business Intelligence (BI) refers to the strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. It involves collecting, integrating, analysing, and interpreting data from various sources to gain valuable insights into business performance, identify trends, and make informed decisions.

  • Types of BI

    1. Descriptive Analytics: This type of BI focuses on understanding past events and current situations. It involves analysing historical data to identify trends, patterns, and key performance indicators (KPIs).

    2. Diagnostic Analytics: This type delves deeper into the "why" behind the data. It examines the root causes of events and identifies potential problems or opportunities.

    3. Predictive Analytics: This type uses historical data and statistical algorithms to forecast future outcomes. It helps businesses anticipate future trends and make proactive decisions.

    4. Prescriptive Analytics: This advanced type of BI goes beyond prediction and provides recommendations for optimal actions. It uses machine learning and optimization techniques to suggest the best course of action.

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