What is Business Intelligence | BI Tools | Business Intelligence Vs Business Analytics |Intellipaat
57In today's competitive business landscape, it's essential to make informed decisions based on accurate and relevant data. That's where Business Intelligence (BI) comes in. In this video, we'll explore the definition of BI, its purpose, and how it can be used to drive business growth.
First, we'll define Business Intelligence as the process of gathering, analyzing, and visualizing data to inform business decisions. BI tools can help organizations to identify patterns, trends, and insights that can be used to optimize operations, increase efficiency, and gain a competitive edge.
Next, we'll explore the purpose of BI. BI is designed to provide decision-makers with a comprehensive view of their organization's performance by integrating data from various sources, including internal systems and external data sources. By providing a unified view of data, BI enables decision-makers to make more informed decisions, identify opportunities, and address challenges proactively.
Finally, we'll discuss some of the ways that organizations can use BI to drive business growth. BI can be used to identify new revenue opportunities, optimize marketing strategies, and reduce operational costs. It can also be used to monitor key performance indicators (KPIs), track progress toward goals, and make data-driven decisions.
Overall, this video will provide an overview of Business Intelligence and its role in modern business operations. Whether you're a business owner, a manager, or a data analyst, this video will help you understand the fundamentals of BI and how it can be used to drive business success.
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🔵 Following Topics are covered in this session:
0:00 - Introduction
1:34 - What is Business Intelligence?
5:26 - How Business Intelligence Works?
9:12 - Difference Between Business Analytics And Business Intelligence
11:38 - Top 5 BI Tools
14:50 - Place of BI in today's Business Environment
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