What Is Business Intelligence?
The concept of Business Intelligence encompasses the tools and workflows, protocols that aggregate information from data sources and convert it into actionable information that helps key stakeholders to make more informed business choices.
At Wave, our proficiency encompasses a full understanding of your business workflows as well as the technology that aptly delivers intelligent information. We how to ask the right questions and can determine the right data to resolve questions.
Grasping knowledge discovery and being able to extract the answers can improve the decision-making task, improve company operations, and increase task expediency. With this visibility, businesses can pinpoint new revenue origins.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI improves Excel by providing a centralized enterprise system that can handle larger data sources and allows for more options for visualization that give answers faster.
Now, numerous files can be integrated into a single data set which eliminates the demand for duplication and an inordinate amount of maintenance.
These contemporary solutions were designed with the user experience in mind in addition to providing Business Intelligence and analytics elements. Power BI is just one of many more recent tools that could be a rational next step for organizations in the Tampa area already leveraging Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Solutions range in size from a single user to a robust enterprise program. Here are some steps to take to answer that question.
As the Gartner infographic shows, a Business Intelligence system can incorporate data warehouses, ETL workflows, and features that help to combine, synthesize, and supply information that drives wise organization decisions.
