What is business intelligence(BI)?

Business Analytics or BI is one of the most important aspect of data analysis and is an integral part of modern companies. The definition of business analytics is rather ambiguous and is constantly changing according to the changing dynamics of the companies. In a nutshell, business analytics can be defined as a set of applications, practises, skills and technologies that help companies make strategic and important decisions, thereby helping the company to achieve their goals and ambitions. That being said, business analytics is not a universal approach and is applied only by a relatively few companies.