What Is Business Intelligence?
The methodology of Business Intelligence includes the tools and workflows, protocols that aggregate information from data sources and translate it into actionable knowledge that helps leaders to make more knowledgeable business decisions.
At Wave, our competence encompasses a total understanding of your business processes as well as the software that accurately delivers intelligent information. We how to ask the right questions and can define the right information to resolve questions.
Grasping knowledge discovery and being able to extract the answers can improve the decision-making process, better business actions, and increase workflow expediency. With this clarity, companies can pinpoint new revenue streams.
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 augments Excel by administering a integrated enterprise approach is able to handle larger data origins and provides more options for visualization that determine answers quicker.
Now, many files can be combined into one data set which prevents the demand for duplication and an excessive amount of maintenance.
These contemporary solutions were designed with the user experience in mind as well as giving Business Intelligence and analytics elements. Power BI is just one of many current software that might be a rational next step for companies in the New York area already leveraging Microsoft programs.
Do I Need A Business Intelligence Solution?
You might not. Programs range in size from a single user to a broad enterprise program. Here are some paths to answer that question.
As the Gartner infographic shows, a Business Intelligence tool can include data warehouses, ETL processes, and tools that help to combine, analyze, and provide data that drives strategic organization directions.
