Business Intelligence (BI) is a set of processes, technologies and tools that help organizations collect, analyze and transform data into actionable information. The purpose of BI is to facilitate better and more informed decisions in organizations.
These systems allow businesses to tap into their historical and current data and identify trends and patterns using tools such as dashboards, reports and advanced analytics. Business intelligence can help improve organizational performance, increase profitability, and identify new opportunities.
BI also includes tools for predicting and analyzing customer behavior, optimizing processes, and evaluating performance. Overall, business intelligence helps organizations operate more effectively in competitive environments and make better strategic decisions.
The main purpose of data mining is to find meaningful relationships and hidden information that helps in making intelligent decisions and improving the performance of businesses. This process includes various steps such as data collection, pre-processing, analysis and interpretation of results.
