Business intelligence is a technology that is transforming both businesses and the IT industry alike. Business Intelligence is a technology that is focused on collecting data, storing it, analyzing them, integrating various data sources, and then presenting the business insights gained from these large sets of data.
BI is used to get over inefficiency clogging their business operations and thus induces smooth business operation that is more focused on increasing their efficiency by automating time-intensive works like manual reporting, etc.