Formerly called “industrial monitoring” business intelligence brings together different monitoring sectors: technological, competitive, legal, competitive, and market intelligence. It consists of finding reliable information, analyzing it and sharing it, so that businesses can anticipate changes in their respective markets.
These days, business intelligence monitoring is within the reach of every business, through specialized monitoring tools. Furthermore, for companies to remain competitive, it has become essential to them.
Business intelligence can be considered a decision-making support system, since the information obtained helps companies to make the right decisions. Indeed, it allows them to observe and analyze the company’s environment (science and technology) to spot present and future threats and development opportunities.