Question

Which of the following refers to applications and technologies that are used to gather, provide access to, and analyze data and information to support decision-making efforts?

Answer 1

Business Intelligence

Step-by-step explanation:

• Business Intelligence refers to the processes or technologies which are used to collect, analyse and present data and business information.
• The main goal of BI is to take cost effective and productive business decisions, making the decision making process efficient and better.
• It is the set of services that transform the data into useful information.
• The information gathered using this technology can be accessed quickly which helps to make fast business decisions.
• The organized data can be used to generate reports from the data quickly and it is easy to find or detect the flaws or certain areas that require attention .
• BI provides timely and information and dashboards to assess whether the business goals are being achieved.
• BI also provides with automatic and predictive data analysis methods that helps the decision makers to make productive business decisions.