What Is Business Intelligence?
The methodology of Business Intelligence combines the programs and workflows, protocols that pull information from data places and translate it into actionable intelligence that enables executives to make more informed business determinations.
At Wave, our expertise includes a total understanding of your business workflows as well as the software that aptly delivers intelligent information. We ask the right questions and can identify the right data to resolve questions.
Understanding knowledge discovery and being able to distill the answers can expedite the decision-making process, optimize company efforts, and increase process efficiency. With this visibility, businesses can pinpoint new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for scrutinizing and reporting on Business Intelligence. Microsoft’s Power BI enhances Excel by providing a centralized enterprise approach that can handle larger data sources and provides more paths to visualize that give answers more rapidly.
Now, several files can be aggregated into a single data set which removes the demand for duplication and an inordinate amount of upkeep.
These modern solutions were built with the user experience in mind along with providing Business Intelligence and analytics features. Power BI is just one of many current software that might be a rational next step for businesses in the Durham area already leveraging Microsoft programs.
Do I Need A Business Intelligence Solution?
Maybe not. Programs range in size from a single user to a comprehensive enterprise program. Here are some steps to take to answer that question.
As the Gartner infographic shows, a Business Intelligence application can include data warehouses, ETL protocols, and tools that help to aggregate, analyze, and supply knowledge that encourages strategic company decisions.
