This current market overview shows you Business Intelligence (BI) software and solutions. Simply explained, Business Intelligence is the collection, storage and analysis of operational data and its conversion into information. It is used to automate controlling and reporting (e.g. sales, costs, balance sheet). It can also be used for planning and preview as well as trend analysis of customer behavior. The task of business intelligence software is, for example, to access and process data from the company's own ERP systems.
The analysis is often done with special systems or methods such as data warehouse or data mining. As in data mining, the visualization of data and dashboards are the main focus of business intelligence. These tools for data analysis (business analytics) help users to evaluate the large quantities of data and to extract valuable information from it. The goal of business intelligence as a component of management information systems is to make better or successful business decisions. In addition to BI software, you will find solutions for data analysis, controlling software, cost accounting, KPI analyses (Key Performance Indicator), reporting, as well as key figure analysis.