And the ability to integrate cloud software directly with proprietary systems has further driven the need to combine multiple data sources and take advantage of data preparation tools. Companies generate, track, and compile business data at a scale never before seen. In contrast to competitive intelligence that analyzes data from outside sources, a BI solution pulls internal data that the business produces into an analytics platform for deep insights into how different parts of the business affect one another.Īs big data - the tendency for companies to collect, store, and mine their business data - has gained in prominence, so has the popularity of BI software. Examples of the best BI tools include data visualization, data warehouses, interactive dashboards, and reporting tools. Trends in business intelligence softwareīusiness intelligence (BI) software is a set of business analytics solutions used by companies to retrieve, analyze, and transform data into useful business insights, usually within easy-to-read visualization like charts, graphs, and dashboards. ![]()
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