Lee has 1000 restaurants in the whole United Kingdom region and 20 in the other countries of the world. She has to gather information on sales, inventory and other operations from all these restaurants which receive around 1 million customers a day. The bigger challenge than this is to organize that data and use it to gain more profit in her business. I illustrated this example so that you can understand the need of business intelligence tool or software. This tool is actually application software which is also known as BI suite.

Before we go ahead to discuss the features or advantages offered by business intelligence tool, it is necessary to know what business intelligence is. Business intelligence uses knowledge management, data warehouse, data mining and business analysis to improve key data processes which can result into higher profitability. It also keeps an eye on any update of corporate, competitor and market trend. BI suite is application software which uses business intelligence tool that performs all tasks of business intelligence system. Tools of BI suite generate report, analyze the data and represent data in an effective way. The tools are sometimes interlinked with data warehouses where all data is stored in central database.

Because of the most advanced feature and accuracy in each task performed, BI suite applications are in high demand in business industry. Features offered by the business intelligence tool vary from company to company. However, all application tools include some basic features which must be a part of business intelligence system. Below are the general features and advantages offered by the business intelligence tools available in the market :  Read more...