Business Intelligence (BI) refers to various skills, technologies and practices that are used to support business decision making, therefore also called as decision support system.
According to the leading research firm, Gartner that open-source BI tools production deployments will grow five-fold through 2012. The research firm also added that the open-source BI tool deployment is growing solidly.
According to various analysts, an effective and integrated BI solution can improve business performance by having better decision making across the company. At present, various large houses like Microsoft, Oracle (Hyperion), IBM (Cognos), and SAP (Business Objects) offer BI solutions to achieve the success and better Return on Investments (ROI).
Why Business intelligence Solutions required?
Business Intelligence helps its users in various tasks like –
- To know your customers better
- To look and evaluate the competition in the market
- Help you to accommodate with your business partners better
- Process information regarding economic efficiency and ROI
- It also helps you in decision making for your internal operations.
