Business intelligence solutions help organizations understand how their business works by collecting, managing, analyzing, and presenting the information. Business intelligence (BI) solutions are typically implemented as a part of a broader strategy to enhance organizational performance and reach critical decision points. Business intelligence (BI) represents the whole range of strategic decisions made by an organization and the methods by which those decisions are made. For example, marketing decisions, financial decisions, customer decisions, etc. All the key elements of a business are included in this provides the vital insight required for comprehensive and strategic decision making. Business intelligence (BI) includes planning, organizing, conducting, controlling, and acting.
Business intelligence (BI) encompasses a wide range of activities that include customer decision-making analytics, supplier decision-making analytics, business intelligence (BI) tools, business intelligence services, etc. Data science is a subset of business intelligence solutions and focuses on the extraction of useful information from large consolidated databases.