What is a business intelligence system?

Business intelligence systems are software applications that allow senior management to track, monitor and make sense of business data. They provide an access point into a company's most valuable asset- its information. Business intelligence tools can help you gain a better understanding of what your team is doing, so you can take action as needed. Depending on the size of your organization, there are many different types of business intelligence systems to choose from. Some may be entirely web-based, while others may require additional hardware in order to function efficiently.