Business Intelligence, or BI for short, designates the systematic collection, analysis and representation of data using IT systems that process the data in electronic form. Operational and strategic decisions as well as the gain of new information are supported by these evaluations.
The evaluations concern for instance the data of the companies, customers, prospective customers or competitors. They support the improvement of the relationships with the customers and suppliers and the optimization of business processes and decisions. The primary goal is to reduce the cost and to increase the value.