Business intelligence (BI) is a technology-driven process for analyzing data and presenting it in a way that helps businesses make better decisions.
BI can identify trends, spot opportunities and threats, and make predictions. It can also help businesses track their performance and compare it to their competitors. Many different software platforms and tools are available for BI, but they all share a common goal: to turn data into insights that can help businesses improve their operations.
While BI has been around for decades, it has become increasingly important in recent years as businesses have become more reliant on data-driven decision-making. The rise of big data and advanced analytics has made BI even more essential for companies that want to stay ahead of the competition.
If you’re new to business intelligence, this glossary will help you understand some of the key terms and concepts associated with BI in the context of ERP.
Related Blog Articles
Guide to PEPPOL e-Invoicing
PEPPOL is more than an e-invoicing standard: it is a way to streamline global trade. Its adoption enables companies, large and small, to navigate the complexities of international transactions with ease and efficiency.It offers multiple benefits, such as the automation of e-invoicing, which minimizes errors and increases productivity. Especially for large companies with significant transaction volumes, this can translate into significant cost and time savings.PEPPOL's universality also simplifies cross-border trade,...Related SIX ERP Solutions:
Want to see SIX for yourself?
Need help, have questions or want to get a free demo?
Please read our Privacy Policy on how we process personal data. We will never share your data!
