Not all that long ago, the only way for businesses to readily access their data was through dashboards.
And, even then, these predefined and static dashboards provided data that was restricted only to citizen data scientists and data analysts. Standalone, static dashboards also inadvertently distract users and force them to shift their focus from their typical tasks in order to glean insights from data that are often overly broad to begin with. These days, however, businesses are increasingly adopting modern business intelligence (BI) tools to analyze their large volumes of data.
Business intelligence (BI) is a set of strategies and technologies for analyzing business information and transforming it into actionable insights that inform strategic and tactical business decisions.
Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions. BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of the business.
The term business intelligence often also refers to a range of tools that provide quick, easy-to-digest access to insights about an organization's current state, based on available data.