What is the purpose of a business intelligence (BI) tool? 🔊
The purpose of a business intelligence (BI) tool is to collect, analyze, and present data in a format that facilitates informed decision-making. These tools enable organizations to transform raw data into actionable insights by providing analytics, reporting features, and visualization capabilities. By leveraging BI tools, businesses can identify trends, monitor performance, and make strategic choices based on data-driven evidence. Ultimately, the use of BI tools enhances operational efficiency and helps organizations achieve their goals more effectively.
Equestions.com Team – Verified by subject-matter experts