The Role Of Business Intelligence And Analytics In Digital Transformation

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Business Intelligence and Analytics refer to the use of technologies, applications, and practices to collect, analyze, and interpret data to support business decision-making. It involves the process of transforming raw data into meaningful insights that can help organizations improve their operations, identify new opportunities, and stay ahead of their competition. The primary goal of BI and analytics is to turn data into actionable insights that can drive business decisions.

This process involves collecting data from various sources, cleaning and organizing it, analyzing it using statistical models and algorithms, and presenting it in a way that is easy to understand and use. One of the primary benefits of Business Intelligence and Analytics is that it can help organizations make data-driven decisions. By analyzing data, businesses can gain insights into their customers, products, and operations. For example, they can identify which products are selling well, which customers are the most profitable, and which channels are driving the most traffic.

Read More @ https://cmibloginsight.blogspot.com/2023/04/maximizing-business-intelligence-and.html

 

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