What Is Business Intelligence?
The methodology of Business Intelligence includes the tools and workflows, protocols that pull information from data sources and translate it into actionable information that enables leaders to make more knowledgeable business determinations.
At Wave, our expertise encompasses a total understanding of your business standards as well as the software that aptly delivers intelligent information. We know what questions to ask and can determine the right information to answer questions.
Understanding information discovery and being able to extract the answers can improve the decision-making process, optimize organization operations, and increase process efficiency. With this clarity, companies can identify new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for breaking down and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by giving a centralized enterprise approach is able to handle larger data sources and provides more options for visualization that give answers quicker.
Now, numerous files can be aggregated into a single data set which prevents the need for duplication and an inordinate amount of upkeep.
These contemporary solutions were built with the user experience in mind as well as providing Business Intelligence and analytics elements. Power BI is just one of many more recent applications that might be a logical next step for organizations in the Baton Rouge area already using Microsoft software.
Do I Need A Business Intelligence Solution?
Maybe not. Solutions range in size from a solitary user to a robust enterprise solution. Here are some paths to answer that question.
As the Gartner infographic shows, a Business Intelligence tool can include data warehouses, ETL protocols, and elements that help to combine, compute, and provide knowledge that encourages strategic business choices.
