Business intelligence applications and examples Consider using BI to help with the following: Data mining: Data mining takes data from existing refined datasets and turns it into actionable information. For example, a company may use data mining to pull historical data on customer bounce rate. This...
Business intelligence (BI) is a technology-driven process that analyzes business data and transforms it into actionable insights, helping executives and managers make better-informed decisions. Business intelligence is a broad term that encompassesdata mining, process analysis, performance benchmarking, and...
The company resorts to business intelligence. FineReport uses Python script processing method to predict the customer flow of the store. It comprehensively considers the indicators such as time, weather, season, temperature, historical customer flow, store operating area, etc. to construct the feature ...
The company decides to conduct a customer service survey using a business intelligence platform for gathering valuable information about the staff, product and the overall quality of service provided to them. The results achieved through the survey can be used to gauge Net Promoter Score (NPS), ...
What is Business Intelligence? - Definition & Examples from Chapter 6/ Lesson 37 45K Business intelligence (BI) is the collection of statistical data about relevant information, which helps business owners get competitive advantages or plan for their operation. Learn more about what BI is, BI syst...
Business intelligence dashboards come in all different forms and cover a variety of topics. See six real-world examples of BI dashboards in action.
Sales analysisis one of the most important examples that business intelligence platforms provide value to the company. With the BI platform, the sales team can automatically generate sales reports and gain business insights. Take the following figure as an example. The BI platform can compare monthl...
Business intelligence (BI) is the use of software to combine business analytics, data mining, data visualisation, data tools and infrastructure, and best practices to help organisations to make more data-driven decisions. In practice, you know you’ve got modern business intelligence when you have...
Examples of Business Intelligence In the traditional way, computing business intelligence manually isn't sustainable anymore. Companies now handle large volumes of data and that demands highly automated analytics tools that offer self-service business intelligence, which can facilitate faster decision-making...
As you can see, implementing business intelligence software has a multitude of benefits that can improve a company's operations, decision-making and strategic positioning. However, some of the benefits of BI initiatives go further than that. ...