What is Business Intelligence?

Business intelligence (often referred to as BI) is software designed to help users understand past trends and future outcomes, but processing large volumes of historical data.   This processing requires special software, hence the inclusion of this topic in Tech for Attorneys.

The name 'Business Intelligence' can be interpreted in a literal way as 'software that makes you more intelligent about the inner workings of your business'.  Typically used to evaluate profitability of future transactions (example: bidding or pricing analysis).  See example of software: LINK