What Is Business Intelligence?
The methodology of Business Intelligence encompasses the tools and workflows, protocols that pull information from data places and transform it into actionable information that helps leaders to make more informed business choices.
At Wave, our proficiency includes a total understanding of your business processes as well as the software that accurately delivers intelligent information. We know what questions to ask and can identify the right data to resolve questions.
Grasping knowledge discovery and being able to distill the answers can improve the decision-making task, optimize business efforts, and increase process productivity. With this clarity, organizations can identify new revenue streams.
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 giving a consolidated enterprise platform is able to handle larger data repositories and allows for more options for visualization that derive answers faster.
Now, many files can be aggregated into one data set which prevents the requirement for duplication and an unnecessary amount of upkeep.
These modern solutions were designed with the user experience in mind along with providing Business Intelligence and analytics aspects. Power BI is just one of many current software that may be a rational next step for organizations in the Saint Paul area already utilizing Microsoft software.
Do I Need A Business Intelligence Solution?
Maybe not. Programs range in size from a solitary user to a comprehensive enterprise program. Here are some ways to help answer that question.
As the Gartner diagram shows, a Business Intelligence application can incorporate data warehouses, ETL processes, and elements that help to gather, synthesize, and deliver information that encourages strategic organization directions.
