Business Intelligence (BI)

Business intelligence (BI) provides accurate, essential info to the ideal people at best period in purchase to help them in taking business decisions. It can be a collection of systems that assists in developing and examining of data to guarantee improvement of the business. It collects data from different resources and shops it in one common area (Data Warehouse) which makes the work easier for individuals who desire to evaluate the data. Also Read: - Data Warehousing Business Intelligence

 

Essential parts of a BI solutions are: data mining, analyzing of data, bench marking, visualization of data, reporting, predictive analysis.

 

Let us appear in every element in detail

1.         Data mining: data mining is certainly collection of data or removing the data from huge resource of data and compile it therefore, that it will help in raising product sales or decrease the price. The types of data can be unstructured or structured. Also Read: - Power Bi Consultant

 

2.         Analyzing of data: analyzing of data is normally collection of raw details from the various resources and convert it into important info that will help the business to have better decision.

 

3.         Bench-marking: in business intelligence, bench marking term is utilized for evaluating the various specifications in the market. Such mainly because quality of performance & price of company’s product to set the standards in market. it helps in improving the performance.

 

4.         Visualization of data: visualizations of data in business intelligence makes the data understandable, visible. It tells how to represent the data. So, that it’s concept can be recognized quickly.

 

5.         Reporting: In business intelligence reports are provided to the businesses after collecting from different sources & compiling it which will be beneficial for the corporation.

 

6.         Predictive analysis: It uses mathematical models to foresee the future results and what will be trends in the future. Recommendations are provided to ensure that the result will be positive & it will also reduce the risk of losses & improves the performance. Also Read: - Data Warehousing and Data Mining

 

In brief one can say, Business intelligence is extracting raw data from different sources, saving it at one place and transforming it into valuable information which is necessary in running the business. Used effectively, it predicts the future trend of the business also.

 

This in turn helps to generate new possibilities for business and helps in running the business efficiently.

 

We are Microsoft certified experts in Predictive Data Analytics technologies i.e. Power BI, SQL Server, Azure data warehousing. Addend Analytics, help you to accelerate this journey and make it easier and highly predictable by doing all the heavy lifting. Our team not only designs and implements these solutions but also trains all stakeholders and hand-holds for faster adaption. To know more about big data warehouse, Visit us now!