What Is Business Intelligence?
The concept of Business Intelligence combines the tools and workflows, protocols that gather information from data repositories and translate it into actionable intelligence that helps leaders to make more informed business determinations.
At Wave, our competence encompasses a complete understanding of your business processes as well as the software that aptly delivers intelligent information. We ask the right questions and can define the right information to resolve questions.
Grasping data discovery and being able to extract the answers can accelerate the decision-making process, better company actions, and increase task expediency. With this visibility, organizations can pinpoint new revenue sources.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the accepted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI enhances Excel by giving a integrated enterprise system that can handle larger data origins and gives more ways to visualize that derive answers more rapidly.
Now, several files can be combined into one data set which eliminates the need for duplication and an inordinate amount of upkeep.
These contemporary solutions were designed with the user experience in mind along with providing Business Intelligence and analytics aspects. Power BI is just one of many newer tools that may be a thoughtful next step for organizations in the Colorado Springs area already leveraging Microsoft software.
Do I Need A Business Intelligence Solution?
Possibly not. Solutions range in size from a solitary user to a broad enterprise offering. Here are some steps to take to answer that question.
As the Gartner picture shows, a Business Intelligence tool can incorporate data warehouses, ETL protocols, and elements that help to aggregate, compute, and provide information that drives smart organization decisions.
