What Is Business Intelligence?
The concept of Business Intelligence encompasses the applications and workflows, protocols that aggregate information from data repositories and transform it into actionable information that enables executives to make more wise business choices.
At Wave, our proficiency includes a full understanding of your business workflows as well as the technology that efficiently delivers intelligent information. We ask the right questions and can identify the right information to answer questions.
Understanding knowledge discovery and being able to mine the answers can improve the decision-making task, improve company operations, and increase task expediency. With this insight, businesses can pinpoint new revenue sources.
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 integrated enterprise system that can handle larger data repositories and allows for more paths to visualize that determine answers quicker.
Now, numerous files can be combined into one data set which removes the demand for duplication and an excessive amount of maintenance.
These current solutions were created with the user experience in mind along with delivering Business Intelligence and analytics features. Power BI is just one of many newer tools that could be a logical next step for companies in the Boise area already utilizing Microsoft software.
Do I Need A Business Intelligence Solution?
Maybe not. Offerings range in size from one user to a robust enterprise solution. Here are some ways to help answer that question.
As the Gartner diagram shows, a Business Intelligence system can incorporate data warehouses, ETL processes, and features that help to gather, synthesize, and supply information that drives strategic organization decisions.
