What is Business Intelligence?
Definition of Business Intelligence (BI): Business intelligence comprises methods and technologies for collecting, analyzing and presenting company data. The aim is to make well-founded decisions.
The core element of business intelligence in the area of global trade is the consolidation of data from various sources (e.g. waybills, customs trade data, trade databases). The cleansing, transformation and structuring of the data makes it usable for subsequent analyses.
Manual or automated reports provide regular insights into key company figures.
Differences: Business intelligence vs. business analytics vs. data science
While business intelligence (BI) evaluates past-oriented data, business analytics is more future-oriented. Data science goes even deeper and uses machine learning for forecasts.
Increasing efficiency and optimizing global business processes.







