What Is Business Intelligence?
The concept of Business Intelligence combines the programs and workflows, protocols that gather information from data places and convert it into actionable information that enables executives to make more informed business decisions.
At Wave, our competence encompasses a total understanding of your business workflows as well as the software that aptly delivers intelligent information. We ask the right questions and can define the right input to answer questions.
Understanding information discovery and being able to distill the answers can improve the decision-making job, better organization actions, and increase task efficiency. With this insight, companies can identify new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for breaking down and reporting on Business Intelligence. Microsoft’s Power BI improves Excel by administering a integrated enterprise system is able to handle larger data repositories and provides more paths to visualize that determine answers quicker.
Now, several files can be combined into a single data set which prevents the demand for duplication and an inordinate amount of care.
These modern solutions were designed with the user experience in mind along with delivering Business Intelligence and analytics features. Power BI is just one of many newer software that may be a thoughtful next step for companies in the Philadelphia area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
Maybe not. Programs range in size from one user to a comprehensive enterprise solution. Here are some steps to take to answer that question.
As the Gartner diagram shows, a Business Intelligence tool can consist of data warehouses, ETL processes, and tools that help to combine, synthesize, and supply data that empowers smart organization choices.
