BI systems

What is BI and what does it provide?

Definition: Business Intelligence (BI) is a collective term that includes applications, best practices, tools, and the supporting infrastructure that enable organizations to obtain and use information that is essential for improving business decision-making and overall performance. 
By applying BI, internal business processes can be optimized, operational efficiency can be improved, new revenue streams can be identified, and competitive advantage can be gained. It helps recognize trends and identify business problems that require attention.
BI systems make it possible to handle large volumes of data—often unstructured—and uncover new business opportunities, allowing organizations to take informed actions. Business Intelligence supports the analysis of both past and present operations, and modern technologies allow increasingly accurate forecasting. BI supports a wide range of business decisions, from strategic planning to daily operational activities.
For example, it can support pricing and product positioning decisions at the operational level, while at the strategic level, it can assist in identifying new business areas. The full potential of Business Intelligence can be achieved when all necessary data is collected and processed from every possible source—both internal and external. The integration and processing of these diverse data sources is what creates the true "intelligence."

What is it in practice? BI and data warehouse solutions help extract valuable insights from data, supporting company leadership in making informed decisions across all business areas.

The BI Agent: The BI Agent can be modularly integrated with enterprise resource planning systems and provides data-driven decision support along business processes. With the BI Agent concept, SMEs do not only receive data, but real-time, action-oriented guidance. The system monitors, alerts, prepares decisions, and learns—becoming one of the company's most valuable digital co-workers.

"The BI Agent does not ask questions — it acts." (Grepton)