What Is Business Intelligence?
The methodology of Business Intelligence includes the applications and workflows, protocols that gather information from data repositories and convert it into actionable intelligence that empowers executives to make more wise business determinations.
At Wave, our competence encompasses a full understanding of your business standards as well as the software that aptly delivers intelligent information. We know what questions to ask and can define the right input to answer questions.
Comprehending data discovery and being able to distill the answers can accelerate the decision-making job, better company efforts, and increase workflow expediency. With this insight, companies can identify new revenue origins.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by providing a consolidated enterprise system that can handle larger data origins and gives more ways to visualize that derive answers more rapidly.
Now, many files can be integrated into a single data set which prevents the requirement for duplication and an excessive amount of maintenance.
These current solutions were created with the user experience in mind in addition to providing Business Intelligence and analytics elements. Power BI is just one of many newer tools that may be a rational next step for businesses in the Indianapolis area already utilizing Microsoft programs.
Do I Need A Business Intelligence Solution?
Maybe not. Programs range in size from one user to a comprehensive enterprise solution. Here are some ways to help answer that question.
As the Gartner diagram shows, a Business Intelligence application can include data warehouses, ETL workflows, and elements that help to combine, analyze, and provide data that encourages smart business decisions.
