What Is Business Intelligence?
The methodology of Business Intelligence combines the programs and workflows, protocols that gather information from data repositories and transform it into actionable intelligence that helps executives to make more knowledgeable business determinations.
At Wave, our competence includes a full understanding of your business workflows as well as the software that accurately delivers intelligent information. We ask the right questions and can define the right information to bring clarity to questions.
Understanding data discovery and being able to distill the answers can improve the decision-making task, better business actions, and increase workflow efficiency. With this clarity, organizations can identify new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI augments Excel by providing a consolidated enterprise system is capable of handling larger data sources and gives more options for visualization that give answers quicker.
Now, several files can be aggregated 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 in addition to delivering Business Intelligence and analytics elements. Power BI is just one of many current tools that may be a thoughtful next step for companies in the Austin area already utilizing Microsoft tools.
Do I Need A Business Intelligence Solution?
Possibly not. Solutions range in size from a solitary user to a robust enterprise solution. Here are some paths to answer that question.
As the Gartner picture shows, a Business Intelligence tool can consist of data warehouses, ETL processes, and elements that help to combine, compute, and provide data that drives wise business choices.
