What does “business intelligence” encompass?

Business intelligence encompasses the tools and systems that play a key role in the strategic planning process of a corporation. This involves collecting, analyzing, and transforming data from various sources into actionable insights that can inform business decisions. These tools facilitate the analysis of historical and current business performance, allowing organizations to identify trends, patterns, and opportunities for growth.

By focusing on strategic planning, business intelligence enables companies to make informed decisions based on data, rather than intuition alone. This comprehensive understanding of performance metrics enhances customer experiences, optimizes operations, and drives business strategies aligned with organizational goals.

The other options, while related to data and analytics, do not capture the full scope of what constitutes business intelligence. For instance, the collection of data from social media is a narrower function of analytics rather than the broader strategic planning aspect of business intelligence. Similarly, algorithms predicting stock market trends and administrative resource management tools, while important in their own right, do not represent the holistic approach of integrating various data sources for strategic advantage as highlighted in the correct answer.