Business Intelligence (BI) is the ability of an organization to collect, maintain, and organize data. This produces large amounts of information that can help develop new opportunities. Identifying these opportunities, and implementing an effective strategy, can provide a competitive market advantage and long term stability.
BI is an umbrella term describing the people, processes, and technologies which turn data into insights driving business decisions and actions. Business Intelligence includes:
Partnerships with people
Thoughtful listening, respectful questioning, humbly seeking to understand what they do
Application of context
Creating opportunities to consolidate data, distribute information and contribute to a culture of data-driven decision making in support of the institution and its missions
How is BI done?
The graphic below illustrates the phases of Business Intelligence:
Lean Enterprise Architecture and Processes
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