Business Intelligence (BI)
[Definition]:

Business Intelligence (BI) is a process that includes the systematic collection, analysis and presentation of corporate data to enable better decision making. Often analyzed are data from one's own company (from ERP systems, transactional databases, etc.), as well as competitor and market data from third parties. BI software enables the creation of analytical applications, dashboards, scorecards and reports that help users transform raw data into meaningful information.

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