Description: The Business Intelligence Lifecycle refers to the stages involved in the development and implementation of business intelligence solutions. This cycle encompasses everything from identifying business needs to delivering reports and analyses that facilitate decision-making. Typical stages include data collection, information processing and analysis, result visualization, and strategy implementation based on findings. Each phase is crucial to ensure that data is transformed into useful and applicable information. Business intelligence enables organizations to better understand their operational environment, identify trends and patterns, and optimize processes. As organizations progress through this cycle, they can adjust their strategies and tactics based on the insights gained, allowing them to be more competitive and adaptive in a constantly changing market. The relevance of the Business Intelligence Lifecycle lies in its ability to convert data into knowledge, which in turn drives innovation and improves organizational performance.
