What Is Business Intelligence?
The methodology of Business Intelligence combines the tools and workflows, protocols that pull information from data sources and translate it into actionable information that enables key stakeholders to make more wise business decisions.
At Wave, our competence includes a full understanding of your business standards as well as the software that efficiently delivers intelligent information. We know what questions to ask and can define the right input to answer questions.
Grasping information discovery and being able to distill the answers can improve the decision-making job, improve company operations, and increase process productivity. With this insight, businesses can pinpoint 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 improves Excel by administering a consolidated enterprise platform that can handle larger data repositories and allows for more paths to visualize that derive answers faster.
Now, many files can be aggregated into a single data set which removes the need for duplication and an inordinate 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 tools that might be a logical next step for companies in the Newark area already using Microsoft tools.
Do I Need A Business Intelligence Solution?
You might not. Programs range in size from a solitary user to a comprehensive enterprise solution. Here are some paths to answer that question.
As the Gartner infographic shows, a Business Intelligence tool can include data warehouses, ETL processes, and features that help to aggregate, compute, and supply knowledge that encourages strategic business choices.
