What does the term 'business intelligence' (BI) refer to in data analytics? 🔊
The term business intelligence (BI) refers to the technologies and strategies used for analyzing data and presenting actionable information to help organizations make informed decisions. BI encompasses data mining, analytics, reporting tools, and data visualization techniques. By transforming raw data into meaningful insights, organizations can identify trends, monitor performance, and uncover opportunities for growth. Effective BI enhances strategic planning, operational efficiency, and competitive advantage in a data-driven economy.
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