What is a key feature of business intelligence systems?

A key feature of business intelligence systems is real-time analysis, which allows organizations to gather, analyze, and act on data as it becomes available. This capability is crucial for making timely decisions and responding quickly to market changes or operational needs. Real-time analysis enables businesses to monitor key performance indicators and trends continuously, thus providing insights that can drive strategy and performance improvement.

While supplier integration, product development, and cost analysis can be components of various business processes, they do not encapsulate the primary functionality of business intelligence systems. Real-time analysis not only enhances the decision-making process but also fosters a data-driven culture within organizations, making it a distinguishing characteristic of effective business intelligence systems.