application of business intelligence

What is the application of business intelligence?
Business intelligence (BI) uses software to convert reams of information into bite-sized insights to inform decision-making.
The software receives data from a company's ERP system and other data sets via a sync tool or API.
The BI tool then analyzes the data sets and presents findings in reports and dashboards.
Business intelligence (BI) solutions are designed to help executives, data analysts, team leaders, managers and professionals to collect, analyze, visualize and report on various functions within a company and apply those findings to their respective industries.

How business intelligence is used in the real world?

In manufacturing, BI contributes to supply chain optimization, production planning, and quality control.
Human resources departments use BI for talent management, workforce planning, and employee performance analysis.
E-commerce relies on BI for customer segmentation, personalized recommendations, and fraud detection.

What can business intelligence be used for?

Business intelligence includes data analytics and business analytics but uses them only as parts of the whole process.
BI helps users draw conclusions from data analysis.
Data scientists dig into the specifics of data, using advanced statistics and predictive analytics to discover patterns and forecast future patterns.

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