Lately, there have been tremendous shifts in the business technology landscape. Advances in cloud technology and mobile applications have enabled businesses and IT users to interact in entirely new ways. To help you understand the various concepts in business data concepts, it is important to understand the difference between business intelligence, big data, and data mining.
Self-service business intelligence boasts features that enable users to become more self-reliant and less dependent on information technology (IT) experts. The 4 ways this is accomplished are: (1) easy access to source data (2) better support for data analysis, (3) faster deployment options, and (4) simpler, adaptive, and collaborative end-user interfaces.
SelectHub7 Reasons to Use Self-Service Business Intelligence Tools
The use of Business Intelligence (BI) is not a new concept to many companies and firms. It entails software solutions that analyze data that users input and/or are fed from data sources and presents visualizations, allowing an organization to come up with up-to-date and well-informed strategies. With the latest trend of technology and inventions, there are countless BI applications available for varied analysis.
Business intelligence (BI) software provides an overview of the company’s business operations. It converts business data from various internal sources into structured dataset report output. Sales and productivity may be monitored. Dashboards and reports may be sent to end users or (non-technical) user interfaces.
SelectHubWhat Do Business Intelligence Analysts Like in BI Software?
Going through the process of business intelligence product comparison and trying to choose the right BI vendor can be a lengthy and difficult task. There are so many BI solutions available on the market today that it’s tough to know where to start. Follow our guidelines below to accelerate the BI selection process for your organization.
Business intelligence software comprises a range of data analytics tools designed to analyze and manage data related to your business operations. BI’s rich visualization capabilities allow businesses to monitor sales, logistics, and even productivity–and provides extensive data analysis using richly visualized, intuitive reports.
Are you tired of technology implementations that don’t yield results? Nucleus Research has found that for every dollar invested in business intelligence tools (BI) and analytics, companies earn an average of $10.66 back. Additionally, 74 percent of businesses who fail to invest in BI are negatively impacted.
SelectHub5 Questions Before Selecting Business Intelligence Software Solutions
Business intelligence (BI) has transformed from data collecting and collating into a more advanced discipline, which employs BI tools or solutions to draw inferences from available data. These inferences, or actionable pieces of information, assist you in making informed decisions to improve your business processes. Since BI tools are numerous and variable in both cost and features, they can be difficult to evaluate.
If you’re in the market for a BI solution, it’s vital to know the essential business intelligence features to look for. Here’s our recommended list of the 10 critical features of BI platforms that will help any organization improve their business strategies.
SelectHub10 Critical Business Intelligence Features
If you’ve been in the market for a business intelligence (BI) solution, chances are you’re familiar with many on-site, hardware-based options. While hardware-based BI systems offers remarkable advantages and capabilities, there is another, less-expensive and equally powerful option: cloud-based business intelligence.