Business Intelligence
Not every business problem needs a data science or a machine learning model to deliver value, at least to start off. The first tranche of value is realized through a methodical investigation of data along dimensions of relevance to the decision context in hand.
Business Intelligence
BI(Business Intelligence) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions. It is a suite of software and services to transform data into actionable intelligence and knowledge.
BI has a direct impact on organization’s strategic, tactical and operational business decisions. BI supports fact-based decision making using historical data rather than assumptions and gut feeling.
BI tools perform data analysis and create reports, summaries, dashboards, maps, graphs, and charts to provide users with detailed intelligence about the nature of the business.
Use of Business Intellingence Tools
MEASUREMENT
Creating KPI (Key Performance Indicators) based on historic data. Identify and set benchmarks for varied processes.
PROBLEM IDENTIFICATION
With BI systems organizations can identify market trends and spot business problems that need to be addressed.
DECISION MAKING
BI helps on data visualization that enhances the data quality and thereby the quality of decision making.
BI Users
Business intelligence application helps to take vital decisions in organization. Users of BI are:
- The professional Data Analyst
- The IT User
- The head of the compay
- Business Users
- Investor
- CEO
BI Tools
Business intelligence application helps organizations collect data and visualize the key points.
- SAP Business Intelligence
- MicroStrategy
- Yellowfin BI
- ZOHO Analytics
- Microsoft Power BI
- Tableu
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