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Business Intelligence (BI)

    Business Intelligence (BI)

     

    Traditionally, organizations and it specialists used business intelligence technologies to develop a detailed picture of a business and its current state. Today, this functionality is not enough. Modern business intelligence systems not only help make informed decisions, educated guesses, and develop strategies – every day they support critical choices made by the people running your company. And to truly integrate this data intelligence into your operational processes, you need a system that supports your existing workflow and delivers the right solutions to the right people at the right time.

    Our expert team, after studying your it and business infrastructures, will map the requirements for future bi and advanced analytics solutions. This includes needed reports, KPIs, alerts, and integrations required by user groups and their special use cases. In less complex instances, we will suggest a ready-made solution from a third-party vendor, helping you integrate that solution into your workflow. In case you’re looking to modernize your existing bi solution or build a fully custom one, we can start by providing data mining services. We will prepare, cleanse, and model data to design a data warehouse (DWH) architecture. When the DWH is ready, we will test, implement, and embed the product’s functionality into other systems. Ultimately, the product, enabled with historical and real-time data, will present you with visualization tools, reports, collaboration opportunities, email integrations, and alerts – all customized for your operational processes and industry specifics.

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      Top most popular FAQs about Business Intelligence (BI)

      How do I get started?

      Where you start in data and analytics depends on what type of user you are.

      Consumers run reports to view and analyze data, but they do not frequently use business intelligence (bi) supported tools.
      Developers spend much of their time working with data and using business intelligence and analytics-supported tools. They have extensive knowledge of the data source and a working knowledge of tables and joins.

      What is business intelligence bi and how does it work?

      Business intelligence (BI) combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations to make more data-driven decisions.

      What skills are needed for business intelligence?

      To summarize, here are the top skills you will need in a business intelligence career:
      Data Analysis.
      Problem-solving.
      Specific industry knowledge.
      Communication skills.
      Advanced vision and attention to detail.
      Business acumen.

      Will my business data be secure?

      Data security and availability are key requirements for any system. A bi solution should match the same high levels of performance, reliability, and security that you expect of the other systems in your organization. Reputable bi solutions leverage existing security infrastructures to keep data safe.

      As an example, the power bi service is built on Azure, Microsoft’s cloud computing infrastructure and platform. Power bi uses azure active directory (aad) to manage user identity and permissions and supports row-level security to automatically restrict data access for given users based on role.

      What is the process of implementing business intelligence software?

      A good BI solution should support your organization through a structured process. From an implementation perspective, Business Intelligence is a set of processes, architectures, and technologies used to convert raw data into meaningful information to drive profitable business actions. This consists of the following phases:

      Design
      Shaping
      Modeling
      Visualization

      It should be noted that the implementation of Business Intelligence solutions is non-linear. Successful implementations use a circular approach – starting simple, challenging assumptions, refining outcomes, rinse and repeat…

      The end goal, however, is a series of reports and dashboards that deliver meaningful data in a way that is accessible and attractive.

      How do I get access to the data?

      Viewing each data hub requires a separate request for access. The access approval process varies according to the data stewards and governing bodies.

      See the list of available types of data.
      Identify the data source(s) you want to use.
      Submit a request for access to each type of data using the form(s) or email contact(s) listed.

      What is the main purpose of a business intelligence system?

      The entire purpose of business intelligence is to support and facilitate better business decisions. Bi allows organizations access to information that is critical to the success of multiple areas including sales, finance, marketing, and a multitude of other areas and departments.

      What are the concepts of business intelligence?

      Business intelligence concepts refer to the usage of digital computing technologies in the form of data warehouses, analytics, and visualization with the aim of identifying and analyzing essential business-based data to generate new, actionable corporate insights.

      What is the difference between business intelligence software and ERP (enterprise resource planning)?

      BI solutions drive high-level discussions to make meaningful strategic decisions. These solutions can access all of your data, both strategic (revenue, profit, and growth), and operational (daily sales performance). This enables business leaders to analyze information to make decisions that support business objectives.

      An ERP however, is a system used to generate an exact operational view of your organization, often without trend analysis, data comparison, or insights generation. While BI solutions provide strategic analytics, an ERP solution provides transactional, operational analytics.

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