What Is Business Intelligence?
The concept of Business Intelligence includes the applications and workflows, protocols that aggregate information from data repositories and transform it into actionable information that enables key stakeholders to make more wise business decisions.
At Wave, our competence includes a total understanding of your business workflows as well as the software that accurately delivers intelligent information. We know what questions to ask and can identify the right information to resolve questions.
Understanding knowledge discovery and being able to mine the answers can accelerate the decision-making process, better business operations, and increase task efficiency. With this insight, businesses can find new revenue origins.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for scrutinizing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by administering a consolidated enterprise platform that can handle larger data repositories and gives more paths to visualize that derive answers faster.
Now, numerous files can be aggregated into a solitary data set which removes the requirement for duplication and an unnecessary amount of upkeep.
These modern solutions were designed with the user experience in mind along with providing Business Intelligence and analytics features. Power BI is just one of many current software that could be a rational next step for companies in the area already leveraging Microsoft tools.
Do I Need A Business Intelligence Solution?
You might not. Solutions range in size from a solitary user to a comprehensive enterprise offering. Here are some ways to help answer that question.
As the Gartner diagram shows, a Business Intelligence application can consist of data warehouses, ETL workflows, and elements that help to aggregate, synthesize, and supply knowledge that empowers wise business choices.
