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What is business intelligence? Transforming data into business insights

CIO

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

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Are SMBs invited to the business intelligence (BI) party?

CIO

Executive leaders of small businesses and startups frequently lament that they lack the same access to data and insights that enterprise competitors and other more entrenched players enjoy. The solution: business intelligence tools While mindset is a difficult obstacle to overcome, technology and budget are easier ones to surmount.

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7 steps for turning shadow IT into a competitive edge

CIO

Following are seven steps to guide this transformation for competitive advantage. No-code governance models should cover processes to review app ideas, roles and responsibilities, integration requirements, release management practices, documentation requirements, and other requirements to ensure reliable and secure business processes.

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Mining the Internet for Competitive Business Intelligence Through Data Scraping

ArchIntel

The job of mining the internet for business intelligence is becoming more specialized as new tools emerge and as researchers gain more experience doing it. An article in Women on Business on Thursday discusses “data scraping,” a method of extracting BI from open sources , touted to transform the way information is mined online.

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Global SMEs Adopt New Business Intelligence Initiatives During COVID-19 Crisis

Smart Data Collective

In response to the global Coronavirus pandemic, businesses are adopting a series of new, innovative digital technologies. Business intelligence is emerging as a new point of differentiation to help them stand out amongst their competitors. Business intelligence has changed the nature of company engagement in countless ways.

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Insight everywhere: The state of analytics in 2020

CIO

For decades, those armed with the business intelligence class of analytics tools have plumbed financial and logistical databases to identify new business opportunities, flag weaknesses, and gain competitive advantage. To read this article in full, please click here

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Business Intelligence: Gamification as a Strategic Tool for Organizations

Smart Data Collective

Business intelligence is becoming a central aspect of almost every major organization’s business model. Companies around the world are projected to spend $33 billion on business intelligence by 2025. Gamification is one trend that is transforming the arena of business intelligence.