What is Business Intelligence?
The software industry has no shortage of terms and acronyms, so before we talk about Infor’s Business Intelligence Tool (that’s called “Birst”), what is Business Intelligence (or “BI”)? Business Intelligence refers to solutions and processes that support the gathering, analysis, integration, and presentation of business information. Business Intelligence tools help companies understand their business better, and enable their employees to make better decisions because they have the information they need. At its most basic level, Business Intelligence is what is commonly referred to as “reporting”, like a bookings report, a purchase orders due for receipt report, for example. Business Intelligence solutions take reporting to the next level by making the data easier to consume for end users, easier to analyze, and easier to get answers to difficult questions.