What is Business Intelligence Software?

Business intelligence software apps refer to computer-based systems and tools that are utilized to convert raw business data into insightful, and thus more useful, information for business analysis purposes. Such a software application can manage large amounts of unstructured, unrefined business data to enable companies to identify, expand, and even generate new business opportunities and strategies. Broadly observed, business intelligence software contains three key sets of operations: data discovery, data management, and reporting, and it is expected to contain a vast suite of metrics, evaluation features, and analytical capacities. The solution can either be a standalone program, or can be included in multi-operational project management software.

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