The term BI refers to applications and technologies that are used for gathering, providing access to, or analyzing information about a company’s operations. BI help organizations to acquire comprehensive knowledge of the factors affecting their business; for example, metrics on sales, production, and internal operations. Some of the BI tools and applications include query reporting, analysis tools, data mining tools, and data warehousing tools. SaaS-based BI refers to the deployment of BI applications as a web-based subscription service. SaaS-based BI is operated by a third-party organization as opposed to the installation and maintenance of an On-premise business system. In the pay-per-use model, BI is hosted by a third party from a remote location, and the outsourcing company pays according to the usage.
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