Benefits of Using Business Intelligence (BI) for Finance What are the practical benefits of business intelligence software? Even though business intelligence (BI) has its own specific purpose for every financial services organization and the tooling is different from wealth management to investment to insurance to banking, there are some universal benefits of using BI and analytics in finance. Particularly for the finance industry, business intelligence tools and analytics are the instruments that help us to see the world clearly. By combining business intelligence and analytics, companies can see the journey from the present moment of information to data management, predictions, and future decisions. In financial analytics, business intelligence software provides the foundation and answers the 'why' questions based on real data. By using visualizations, reporting, predictive analytics, and other features, it turns data into a better understanding of what it holds for better business decision-making. Organizations use Business Intelligence (BI) to collect, process, and present the extracted value from existing data.

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