What Is Business Intelligence?
The concept of Business Intelligence combines the tools and workflows, protocols that gather information from data sources and transform it into actionable knowledge that empowers executives to make more informed business decisions.
At Wave, our competence includes a thorough understanding of your business processes as well as the software that efficiently delivers intelligent information. We ask the right questions and can determine the right data to bring clarity to questions.
Grasping information discovery and being able to extract the answers can improve the decision-making task, improve business actions, and increase process expediency. With this clarity, organizations can find new revenue origins.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for breaking down and reporting on Business Intelligence. Microsoft’s Power BI enhances Excel by administering a centralized enterprise platform is able to handle larger data sources and allows for more options for visualization that derive answers faster.
Now, numerous files can be combined into a single data set which prevents the need for duplication and an excessive amount of care.
These current solutions were designed with the user experience in mind as well as delivering Business Intelligence and analytics aspects. Power BI is just one of many current tools that could be a rational next step for businesses in the Santa Ana area already leveraging Microsoft software.
Do I Need A Business Intelligence Solution?
Possibly not. Offerings range in size from a solitary user to a comprehensive enterprise solution. Here are some ways to help answer that question.
As the Gartner infographic shows, a Business Intelligence tool can include data warehouses, ETL protocols, and elements that help to gather, analyze, and supply knowledge that empowers strategic organization choices.
