What is Business Intelligence?Is there scope for Business Intelligence?

Hello Sasi Kumar,

The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information. The purpose of Business Intelligence is to support better business decision making. Essentially, Business Intelligence systems are data-driven Decision Support Systems (DSS). Business Intelligence is sometimes used interchangeably with briefing books, report and query tools and executive information systems.

Scope -

Business Intelligence has a very important role to play in terms of collection of data which includes interrogating, reporting, and can answer questions pertaining to what happened in the past. When an enterprise has all this in place, it is more likely to use business analytics and consulting to answer questions pertaining to the future, like ‘What is likely to happen in the future and why will it happen?’

certainly, It is emerging as a fast growing function. Today, Eveready Industries are using Business Intelligence to enhance customer interface and analyse sales data. BI as a function is finding a strong footing in the sectors of e-commerce and retail, finance (banking, insurance etc.), and surprisingly in the industries of gaming, food, fashion, public transport and governance. There is definitely going to be a strong dependence on Business Intelligence to advance user acquisition and growth in every sector.

As industries have understood that without using business intelligence, they can not compete in today’s competitive world of such customers who studies whole market before going to purchase anything. today customer tries to catch best to best offers like better quality on cheapest price.

There are numerous business insight tools over the web and all of a sudden, the number is expanding over years. But most of them are just a particular service providers so you have to hire or contract to many companies for different-different services related to business intelligence and data analytics and cost of all things sum up to very high, so keeping all these points in mind we had launched a data analytics product based on business intelligence i.e. Blocklysis

This product includes all of the Data Analytics possible in each industry and presents itself in form of a Dashboard. With a click of a button you can have all the analysis possible on a screen in pictorial forms. It has eliminated the system of various Data analytics service providers and collaborated these services under a single software product. It has a customized option to fit into every industry of the world and provide solution to their specific problems.The plethora is so dense and self explanatory that it will prove its credibility in a second.