Business intelligence (BI) is an application used for giving meaning to raw data that an organization has. The raw data is cleansed, stored and applied with business logics to be useful for enterprise users to make better business decisions. This data can be presented in the form of reports and can be displayed in the form of tables, charts etc. which is efficient and easier to analyse and make business decisions.
During all business activities, companies create data about customers, suppliers and internal activities. Based on these data’s, employees of various departments like HR, Finance, Accounting, Marketing etc. prepare their work plan.
Business Intelligence spans a varied set of toolset, of which the Data Ware House consolidates and loads the data from the different Source Systems, while reporting tools like Query Designer, Web Application Designer, and Analyzer are majorly used to create reports which display the data consolidated by the Datawarehouse for analysing purpose.
Business Intelligence is a SAP product which majorly focuses on providing its customers/organizations with a user friendly and very useful form of representing data that could be helpful for analyses purpose and making business decisions.
In summary, Business Intelligence tools transform raw data into reports which used for decision making and business forecasting.