What is business intelligence studio

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Business Intelligence Development Studio (BIDS) is the IDE from Microsoft used for developing data analysis and Business Intelligence solutions utilizing the Microsoft SQL Server Analysis Services, Reporting Services and Integration Services. It is based on the Microsoft Visual Studio development environment but customizes with the SQL Server services-specific extensions and project types, including tools, controls and projects for reports, ETL dataflows, OLAP cubes and data mining structure.

Reference:
[1] http://en.wikipedia.org/wiki/Business_Intelligence_Development_Studio