The tools can perform functions such as data mining, data visualization, performance management, analytics, reporting, text mining, predictive analytics, and much more. BI tools find this information through queries, which can present the data in user-friendly formats such as reports, dashboards, charts, and graphs. Data sources might include documents, images, email, videos, journals, books, social media posts, files, and more. What is a business intelligence (BI) tool?īusiness intelligence tools collect, process, and analyze large amounts of structured and unstructured data from both internal and external systems. Here’s a look at the benefits of BI tools and five of the most commonly used tools. These tools are used across all departments, industries, and business users, so consider exploring one to accelerate your career. Business intelligence involves the functions, strategies, and tools companies use to collect, process, and analyze data.īusiness intelligence tools can identify new opportunities for businesses to improve return on investment (ROI) and competitive advantage based on insights found. Just like a handyman needs a toolbox equipped with hammers, nails, and screwdrivers, individuals pursuing careers in business intelligence (BI) must be familiar with certain software tools.
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