Business intelligence (BI) refers to the technologies, tools, and practices used to collect, analyze, and present business data in a way that facilitates informed decision-making. By transforming raw data into meaningful insights, BI enables organizations to identify trends, track performance, and make strategic decisions based on accurate information.
Key components of BI include data mining, reporting, dashboarding, and analytics. These tools allow businesses to visualize data through interactive dashboards and reports, making complex information easily accessible to stakeholders at all levels.