Business Intelligence (BI) refers to the process of transforming raw data into valuable insights that enable organizations to make informed and data-driven decisions. BI solutions encompass a range of tools, technologies, and practices designed to collect, analyze, and organize data effectively.
For manufacturers, BI provides a holistic view of their organization by consolidating data from various sources such as sales, production, inventory, and customer interactions. By leveraging BI tools and practices, manufacturers can extract actionable insights from their data, identify trends, detect patterns, and uncover opportunities for improvement.
Ultimately, BI empowers organizations to drive change, optimize processes, and eliminate inefficiencies by leveraging the power of data-driven decision-making. It plays a crucial role in enhancing business performance, strategic planning, and overall competitiveness in the market.