What Is Business Intelligence?
The methodology of Business Intelligence encompasses the applications and workflows, protocols that pull information from data places and translate it into actionable information that enables executives to make more informed business decisions.
At Wave, our competence encompasses a complete understanding of your business processes as well as the software that aptly delivers intelligent information. We know what questions to ask and can identify the right input to resolve questions.
Comprehending information discovery and being able to mine the answers can improve the decision-making task, optimize organization actions, and increase workflow expediency. With this insight, businesses can pinpoint new revenue sources.
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 enhances Excel by providing a integrated enterprise platform is able to handle larger data repositories and gives more options for visualization that determine answers more rapidly.
Now, many files can be integrated into one data set which prevents the demand for duplication and an excessive amount of maintenance.
These modern solutions were designed with the user experience in mind along with delivering Business Intelligence and analytics aspects. Power BI is just one of many newer applications that could be a rational next step for organizations in the Louisville area already using Microsoft programs.
Do I Need A Business Intelligence Solution?
Maybe not. Solutions range in size from one user to a robust enterprise solution. Here are some ways to help answer that question.
As the Gartner picture shows, a Business Intelligence system can incorporate data warehouses, ETL processes, and tools that help to combine, analyze, and deliver data that drives wise business choices.
