What Is Business Intelligence?
The methodology of Business Intelligence combines the applications and workflows, protocols that gather information from data sources and translate it into actionable knowledge that empowers key stakeholders to make more informed business choices.
At Wave, our competence encompasses a thorough understanding of your business processes as well as the software that aptly delivers intelligent information. We ask the right questions and can determine the right input to bring clarity to questions.
Understanding knowledge discovery and being able to mine the answers can expedite the decision-making task, better business operations, and increase task efficiency. With this visibility, businesses can identify new revenue sources.
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 system that can handle larger data origins and provides more options for visualization that determine answers quicker.
Now, several files can be combined into a solitary data set which eliminates the demand for duplication and an excessive amount of maintenance.
These contemporary solutions were designed with the user experience in mind as well as delivering Business Intelligence and analytics elements. Power BI is just one of many more recent applications that may be a rational next step for organizations in the Chesapeake area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Programs range in size from a solitary user to a broad enterprise program. Here are some paths to answer that question.
As the Gartner picture shows, a Business Intelligence system can include data warehouses, ETL protocols, and tools that help to gather, synthesize, and supply information that empowers strategic company directions.
