BI meaning in Information Technology ?

Answer: What is Business Intelligence mean?

Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations.

Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics.

BI technologies can handle large amounts of structured and sometimes unstructured data to help identify, develop, and otherwise create new strategic business opportunities. They aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.

Business intelligence can be used by enterprises to support a wide range of business decisions ranging from operational to strategic. Basic operating decisions include product positioning or pricing. Strategic business decisions involve priorities, goals, and directions at the broadest level. In all cases, BI is most effective when it combines data derived from the market in which a company operates (external data) with data from company sources internal to the business such as financial and operations data (internal data). When combined, external and internal data can provide a complete picture which, in effect, creates an "intelligence" that cannot be derived from any singular set of data.

Among myriad uses, business intelligence tools empower organizations to gain insight into new markets, to assess demand and suitability of products and services for different market segments, and to gauge the impact of marketing efforts.

BI applications use data gathered from a data warehouse (DW) or from a data mart, and the concepts of BI and DW combine as "BI/DW"or as "BIDW". A data warehouse contains a copy of analytical data that facilitate decision support.

reference

Full Form	Category
Bibliographic Instruction	Academic & Science
Behavioral Intention	Academic & Science
Biological Indicator	Academic & Science
Beatson Institute	Academic & Science
Biot Number	Academic & Science
Bank Indonesia	Banking
Bank of Italy	Banking
Brass Impeller	Business
Batteries Included	Business
Bac International	Business
BEACHCOMBERS International	Business
Bellevue Inn	Business
Business Invigoration	Business
Bavarian Inn, Frankenmuth, Michigan	Business
Brand India	Business
Business Indigestion	Business
Business Integration	Business
Bell Industries, Inc.	Business
Banner Impressions	Business
Business Improvement	Business
Boehringer Ingelheim	Business
Bohemia Interactive	Business
Brand Identity	Business
Bismuth	Chemistry
Blessings International	Community
Bitter Irony	Community
Block Imperfect	Community
Bishop Ireton	Community
Beth Israel	Community
Binary and Includes	Computer Assembly Language
Binary Input	Computer Assembly Language
Byte Integer	Computer Assembly Language
Bus Invert	Computer Hardware
Basic Instrument	Computer Hardware
Bus In	Computer Hardware
Backplane Interconnect	Computer Hardware
Back Illuminated	Computer Hardware
Basic Instructions	Computing
Business Interruption	Computing
Bullet Icon	Computing
Burundi	Country Names
Bintang, Indonesia	Country Specific
Burn In	Electronics
Basic Source Code Include File (visual Basic)	File Type
Beautiful Ini	General
Bloomsbury Intellectual	General
Biographical Inventory	General
Bismuth In	General
Biggest Impact	General
A Bi Is	General
But I	General
Block I	General
BI is	General
Behavioral Imaging	General
Bogus Information	General
B*B*tch Idiot	General
Back In	General
Bond Issue	General
Braindead Idiot	General
Big Inconvenience	General
Boring Idiot	General
Brown Index	General
Beckman Instruments	Governmental
Body Inspector	Governmental
British Intelligence	Governmental
Basically Irrelevant	Governmental
Bureau of Investigation	Governmental
Background Investigation	Governmental
Block Island	Governmental
Bodily Injury	Governmental
Bad Influence	Governmental
Bar Induction	Governmental
BARI SADRI	Indian Railway Station
Business Intelligence	Information Technology
Biella (Provence)	International
Brigada de Interior	International
Broadband Internet (or Broadband)	Internet
Briedbart Index	Internet
Best Individual	Jobs
Bilinear Interpolation	Maths
Basic Invarlant	Maths
Binary Icosahedral	Maths
Behavioral Intervention	Medical
Baroclinic Instability	Medical
Bone Index	Medical
Burns Institute	Medical
Brain Injury	Medical
Bi-sexual	Messaging
Beyond Incredible	Messaging
Battlefield Interdiction	Military and Defence
Battlefield Injury	Military and Defence
Bomb Island	Military and Defence
Basic Indoctrination	Military and Defence
Backup Interface	Networking
Built-in	Real Estate
British India	Regional
Bislama	Regional
Build Index	Softwares
Buffered Image	Softwares
Batted In	Sports
Royal Brunei Airlines	Transport & Travel