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What is BI? Business intelligence definition and solutions

Mary K. Pratt | Sept. 4, 2017
Business intelligence (BI) leverages software and services to transform data into actionable intelligence that informs an organization’s strategic and tactical business decisions.

And although BI will remain valuable in and of itself, Howson says organizations can’t compete if they’re not moving beyond only BI and adopting advanced analytics as well.

In fact, Gartner’s Magic Quadrant report predicts that by 2020 organizations offering “users access to a curated catalog of internal and external data will realize twice the business value from analytics investments than those that do not.”

Howson adds: “There is a need for reporting, but reporting alone is not enough. If you’re only doing reporting you’re behind already. Unless your reporting is smart and agile, you’re behind. You’re a laggard.”

 

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