What Is Business Intelligence?
The concept of Business Intelligence encompasses the tools and workflows, protocols that pull information from data sources and transform it into actionable intelligence that enables leaders to make more informed business determinations.
At Wave, our proficiency includes a thorough understanding of your business processes as well as the software that aptly delivers intelligent information. We how to ask the right questions and can define the right input to answer questions.
Grasping information discovery and being able to distill the answers can accelerate the decision-making task, optimize business actions, and increase workflow efficiency. With this insight, businesses can find new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the go-to for scrutinizing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by administering a integrated enterprise system is capable of handling larger data repositories and provides more options for visualization that determine answers more rapidly.
Now, several files can be combined into one data set which prevents the demand for duplication and an inordinate amount of upkeep.
These modern solutions were built with the user experience in mind along with providing Business Intelligence and analytics features. Power BI is just one of many more recent tools that could be a rational next step for organizations in the Richmond area already leveraging Microsoft programs.
Do I Need A Business Intelligence Solution?
Possibly not. Offerings range in size from a solitary user to a broad enterprise solution. Here are some ways to help answer that question.
As the Gartner infographic shows, a Business Intelligence application can include data warehouses, ETL workflows, and tools that help to gather, synthesize, and deliver information that empowers smart organization choices.
