What Is Business Intelligence?
The concept of Business Intelligence encompasses the tools and workflows, protocols that pull information from data repositories and convert it into actionable information that helps executives to make more knowledgeable business determinations.
At Wave, our proficiency includes 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 identify the right data to resolve questions.
Grasping information discovery and being able to extract the answers can improve the decision-making job, optimize business actions, and increase workflow productivity. With this insight, organizations can find new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for breaking down and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by administering a centralized enterprise platform is capable of handling larger data repositories and provides more paths to visualize that derive answers quicker.
Now, several files can be aggregated into a solitary data set which eliminates the requirement for duplication and an inordinate amount of upkeep.
These current solutions were created with the user experience in mind along with providing Business Intelligence and analytics aspects. Power BI is just one of many current applications that may be a rational next step for companies in the Cincinnati area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
You might not. Programs range in size from one user to a robust enterprise offering. Here are some ways to help answer that question.
As the Gartner infographic shows, a Business Intelligence tool can consist of data warehouses, ETL workflows, and elements that help to aggregate, compute, and supply data that encourages wise organization decisions.
