Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information which helps executives, managers and other corporate end-users make informed business decisions. Inside the slide show at the end of this post, we look at examples of how companies are using business intelligence systems currently and insight into the process of building a BI solution.
Business intelligence systems were once the preserve of large companies. But thanks to extra competition and the advance of technologies like cloud computing and software as a service, more and more small firms are taking advantage of the affordable options on offer today. Business Intelligence is now a high priority, even for mid-sized firms to remain competitive, companies need additional insights into their data.
“Accelerated transformation from BI systems hungarian phone numbers used primarily for measurement and reporting to those that also support analysis, prediction, forecasting and optimisation”
Gartner 2014
Evolution of Business Analytics
Descriptive “What’s going on”
Predictive “What will happen”
Prescriptive “What should we do about”
Business Intelligence Vision
To identify new opportunities and implementing an effective strategy based on insights and trends to administer advantage to business with a competitive edge in the market and to gain long-term stability. And improving organisations by providing business insights to all employees leading to better, faster, more relevant decisions.
Advanced Analytics
Self Service Reporting
End-User Analysis
Business Performance Management
Operational Applications
Embedded Analytics