Which of the following best defines 'business intelligence'?

Business intelligence refers to tools, technologies, applications, and practices for the collection, integration, analysis, and presentation of business information. Its primary goal is to support better decision-making within an organization. By utilizing business intelligence, companies can analyze historical and current data to identify trends, patterns, and insights that facilitate informed decisions. This ultimately leads to improved strategic planning, operational efficiency, and competitive advantage.

The emphasis on analyzing data is crucial, as it differentiates business intelligence from other concepts. While the other choices touch on various aspects of business operations, they do not encapsulate the fundamental purpose of business intelligence, which is primarily focused on enhancing decision-making through data analysis.