The king needs to make an important decree and wants to make sure that his decision will be a wise one. He summons his esteemed council of elders, and everyone contributes their piece of knowledge. Everything is then analyzed and translated into a decision that can change the course of the realm.
In modern corporate setups, that’s called business intelligence — a collection of practices, tools, and technologies that are used to gather and analyze raw data and transform it to meaningful business information. This helps executives and managers improve the business decisions they make.
Other interesting terms…
