What Is Business Intelligence?
The methodology of Business Intelligence encompasses the applications and workflows, protocols that gather information from data repositories and translate it into actionable information that enables key stakeholders to make more informed business decisions.
At Wave, our expertise encompasses a full understanding of your business processes as well as the software that efficiently delivers intelligent information. We ask the right questions and can identify the right information to bring clarity to questions.
Comprehending knowledge discovery and being able to extract the answers can improve the decision-making task, better organization efforts, and increase task efficiency. With this clarity, businesses can identify new revenue origins.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the go-to for breaking down and reporting on Business Intelligence. Microsoft’s Power BI improves Excel by giving a centralized enterprise approach that can handle larger data origins and allows for more options for visualization that determine answers faster.
Now, many files can be aggregated into one data set which eliminates the need for duplication and an unnecessary amount of maintenance.
These modern solutions were created with the user experience in mind along with delivering Business Intelligence and analytics aspects. Power BI is just one of many current tools that could be a logical next step for organizations in the Lexington area already using Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Programs range in size from a single user to a comprehensive enterprise offering. Here are some steps to take to answer that question.
As the Gartner diagram shows, a Business Intelligence tool can incorporate data warehouses, ETL workflows, and tools that help to combine, synthesize, and deliver information that empowers wise company decisions.
