Business intelligence (BI) is defined as the ability for an organization to take all its capabilities and convert them into knowledge. This produces large amounts of information that can lead to the development of new opportunities. Identifying these opportunities, and implementing an effective strategy, can provide a competitive market advantage and long-term stability within the organization’s industry. 
BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
Business intelligence aims to support better business decision-making. Thus a BI system can be called a decision support system (DSS). Although the term business intelligence is sometimes used as a synonym for competitive intelligence (because they both support decision making), BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors. If understood broadly, business intelligence can include the subset of competitive intelligence.
“Throughout your work life, you need to learn the skills of every department in your organisation, so that you remain productive in your old age by the increased in knowledge. Without an overall understanding, you are not able to solve problems, that is the reason why you get dedundant and retrenched. That is how you create valuable staff.” – Contributed by Oogle.
Nobody has my skills because I have worked a full circle in every industry and an insight into every business processes including the economy, stocks and futures, accounting, real estate, insurance, advertising, media, food and beverage, hotel industry, healthcare, diseases, research/development and even IT, the internet and technology. I cannot afford to learn everything in-depth but I manage to learn everything to get my job done. It was a lifetime of suffering for me but now I can help everyone increased their knowledge and brain power and help everybody find decent jobs. That is my mission from God and I need to fullfill my oath. I will impart my skills freely and bring prosperity for everyone so that everyone in the world will also succeed. That is the only way I can solve Hunger and Poverty, Diseases and Inequality.
“The entire world’s labour force needs to move from unskilled labour to skilled labour so that productivity increases will compensate for higher salaries, a better work life.”
“It is no use learning a skill for life and cannot have an understanding to solve problems, very soon you get redundant and retrenched. So you need a lifelong retraining plan to stay relevant.”
“Destructive competition is a stupid way to make money, it will only kill the markets, the market is big enough for everyone if you have the intelligence.”
– Contributed by Oogle