What Is Business Intelligence?
The theory of Business Intelligence combines the tools and workflows, protocols that gather information from data places and transform it into actionable information that enables executives to make more wise business determinations.
At Wave, our competence encompasses a total understanding of your business standards as well as the software that efficiently delivers intelligent information. We know what questions to ask and can define the right input to answer questions.
Understanding information discovery and being able to distill the answers can improve the decision-making task, better company actions, and increase task efficiency. With this visibility, organizations can find new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by giving a centralized enterprise platform is capable of handling larger data sources and provides more options for visualization that determine answers more rapidly.
Now, several files can be aggregated into a solitary data set which eliminates the need for duplication and an unnecessary amount of maintenance.
These current solutions were designed with the user experience in mind along with providing Business Intelligence and analytics aspects. Power BI is just one of many more recent applications that may be a rational next step for businesses in the St. Louis area already using Microsoft tools.
Do I Need A Business Intelligence Solution?
You might not. Solutions range in size from a solitary user to a comprehensive enterprise offering. Here are some ways to help answer that question.
As the Gartner infographic shows, a Business Intelligence system can incorporate data warehouses, ETL workflows, and tools that help to aggregate, compute, and supply data that encourages strategic organization choices.
