Business Intelligence (BI) is particularly at home in the areas of big data and smart data, digital transformation, eCommerce and digital commerce.
Business intelligence (BI) describes the technologies and methods used by companies to collect and analyse large volumes of data and gain important insights for better decisions. The aim is to recognise patterns, trends or correlations in the data that help to manage the business more successfully.
A practical example: an online shop uses business intelligence (BI) to analyse which products are bought together particularly often and at what time of day sales are highest. Based on these analyses, the company can launch targeted marketing campaigns or better organise the warehouse in order to optimally meet demand.
Business intelligence (BI) therefore helps decision-makers to make reliable, data-based decisions rather than just listening to their gut feeling. Especially in today's digital world, BI can be a decisive competitive advantage because developments can be recognised at an early stage and opportunities can be exploited more effectively.