BI applications are commonly used to make informed business decisions, advancing a company’s position within the marketplace. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends that inform management decisions. BI software is used to view sales data in real time and quickly pivot to adapt to change. Specialized data visualizations and dashboards can easily be shared and standardized across the business.
These are enterprise-level software applications designed to unify a company’s data and analytics. Once it’s stored, users can then access the data, starting the analysis process to answer business questions. Today, more organisations are moving to a modern business intelligence model, characterised by a self-service approach to data. Visualisations compiled into dashboards can quickly tell a story and highlight trends or patterns that may … Read More