What Is Business Intelligence?
The concept of Business Intelligence encompasses the applications and workflows, protocols that aggregate information from data sources and translate it into actionable knowledge that empowers leaders to make more informed business decisions.
At Wave, our competence encompasses a total understanding of your business workflows as well as the technology that accurately delivers intelligent information. We ask the right questions and can define the right input to answer questions.
Comprehending knowledge discovery and being able to distill the answers can improve the decision-making process, optimize company operations, and increase process productivity. With this insight, companies can identify 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 improves Excel by providing a consolidated enterprise approach that can handle larger data repositories and provides more options for visualization that derive answers more rapidly.
Now, many files can be combined into one data set which removes the need for duplication and an inordinate amount of upkeep.
These contemporary solutions were built with the user experience in mind as well as providing Business Intelligence and analytics features. Power BI is just one of many more recent software that could be a thoughtful next step for businesses in the Chandler area already utilizing Microsoft programs.
Do I Need A Business Intelligence Solution?
Maybe not. Solutions range in size from a single user to a comprehensive enterprise offering. Here are some paths to answer that question.
As the Gartner infographic shows, a Business Intelligence application can include data warehouses, ETL workflows, and elements that help to combine, synthesize, and deliver information that encourages strategic company directions.
