What does the acronym "BI" stand for?

The acronym "BI" stands for Business Intelligence. This term refers to the technologies, practices, and applications used for the collection, integration, analysis, and presentation of business data. Its primary goal is to support better business decision-making. Through various tools and systems, Business Intelligence transforms raw data into actionable insights, allowing organizations to analyze their performance, track trends, and make informed strategic decisions.

Business Intelligence encompasses a variety of processes and technologies, such as data mining, reporting, and online analytical processing (OLAP). By leveraging BI tools, businesses can interpret data more effectively, identify opportunities for growth, and enhance operational efficiency. This critical aspect of data management empowers companies to be more competitive and resilient in their respective markets.