What Is Business Intelligence?
The concept of Business Intelligence encompasses the applications and workflows, protocols that aggregate information from data sources and convert it into actionable intelligence that enables executives to make more wise business decisions.
At Wave, our competence includes a full understanding of your business processes as well as the technology that aptly delivers intelligent information. We know what questions to ask and can define the right data to answer questions.
Understanding information discovery and being able to extract the answers can accelerate the decision-making job, improve business actions, and increase process productivity. With this visibility, organizations can identify new revenue sources.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the go-to for analyzing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by administering a centralized enterprise approach that can handle larger data sources and allows for more options for visualization that give answers more rapidly.
Now, several files can be integrated into a single data set which eliminates the requirement for duplication and an inordinate amount of upkeep.
These current solutions were designed with the user experience in mind in addition to giving Business Intelligence and analytics elements. Power BI is just one of many current software that may be a thoughtful next step for organizations in the Greensboro area already using Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Programs range in size from one user to a broad enterprise solution. Here are some ways to help answer that question.
As the Gartner diagram shows, a Business Intelligence tool can incorporate data warehouses, ETL workflows, and features that help to combine, analyze, and supply information that encourages wise company choices.
