Business Intelligence is the set of tools or techniques used for acquiring, analysis and interpretation of raw data for improved business decisions and strategy making. It is used to convert unstructured data into useful data for business analysis. It is a technology-driven approach which helps corporate executives, business executives and other business users to make business decisions. It has the capacity to handle a wide range of business decisions ranging from operational planning to strategic planning process in the corporation. It also helps companies to identify the market trends and business problems. Business intelligence tools are used by the data analyst and IT professionals who can analyze the report with a query for business users. The main benefits of BI are increasing internal business processes and operational efficiency, decision processes and gaining the competitive advantage over business markets. The major functions of business intelligence are:
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