Business intelligence is to improve the timeliness and quality of the input for decision-making. It helps the managers to understand which of the following:

(A) Internal capabilities of the organization

(B) Trends and future directions in the markets

(C) External environment such as economic, political, social and demographic environment

(D) Behaviour of the competitors

(E) External capabilities of the organization

Choose the most appropriate answer from the options given below:

The correct answer is (A), (B), (C) and (D) only.

Important Points Business Intelligence:

• Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers, and workers make informed business decisions.
• As part of the BI process, organizations collect data from internal IT systems and external sources, prepare it for analysis, run queries against the data, and create data visualizations,
• BI dashboards, and reports to make the analytics results available to business users for operational decision-making and strategic planning.
• The ultimate goal of BI initiatives is to drive better business decisions that enable organizations to increase revenue, improve operational efficiency, and gain competitive advantages over business rivals.
• To achieve that goal, BI incorporates a combination of analytics, data management, and reporting tools, plus various methodologies for managing and analyzing data.

Hence, the correct answer is (A), (B), (C), and (D) only.