What Is Business Intelligence?
The methodology of Business Intelligence includes the tools and workflows, protocols that gather information from data sources and transform it into actionable intelligence that empowers executives to make more informed 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 ask the right questions and can identify the right information to resolve questions.
Comprehending knowledge discovery and being able to distill the answers can accelerate the decision-making job, improve business operations, and increase task productivity. With this clarity, organizations can pinpoint new revenue origins.
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 enhances Excel by giving a integrated enterprise system is capable of handling larger data repositories and provides more paths to visualize that give answers more rapidly.
Now, many files can be aggregated into one data set which eliminates the requirement for duplication and an excessive amount of maintenance.
These modern solutions were designed with the user experience in mind as well as giving Business Intelligence and analytics elements. Power BI is just one of many newer tools that might be a thoughtful next step for businesses in the Memphis area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
Maybe not. Programs range in size from one user to a comprehensive enterprise program. Here are some steps to take to answer that question.
As the Gartner picture shows, a Business Intelligence system can incorporate data warehouses, ETL protocols, and elements that help to combine, analyze, and provide data that encourages strategic business choices.
