What Is Business Intelligence?
The theory of Business Intelligence combines the programs and workflows, protocols that gather information from data sources and translate it into actionable intelligence that helps executives to make more knowledgeable business determinations.
At Wave, our expertise includes a total understanding of your business processes as well as the technology that aptly delivers intelligent information. We know what questions to ask and can define the right input to bring clarity to questions.
Comprehending data discovery and being able to extract the answers can expedite the decision-making process, optimize organization operations, and increase workflow productivity. With this insight, businesses can identify 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 improves Excel by giving a centralized enterprise platform that can handle larger data origins and provides more paths to visualize that derive answers faster.
Now, several files can be combined into one data set which removes the need for duplication and an excessive amount of upkeep.
These current solutions were designed with the user experience in mind as well as giving Business Intelligence and analytics aspects. Power BI is just one of many newer tools that may be a logical next step for companies in the Columbus area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Solutions range in size from a solitary user to a comprehensive enterprise offering. Here are some paths to answer that question.
As the Gartner infographic shows, a Business Intelligence tool can incorporate data warehouses, ETL processes, and elements that help to combine, synthesize, and provide data that encourages strategic organization choices.
