Business Intelligence Converting Data Into Actionable Insights
In today’s competitive world, businesses must go the extra mile, adopt new technologies to stay ahead of their competition. A business intelligence (BI) System refers to software that transforms data into actionable insights, helping businesses make intelligent business decisions.
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations. Standard functions of business intelligence technologies include reporting, online analytical processing, analytics, data mining, process mining, etc.
Business intelligence tools assist in merging and processing this massive amount of structured and unstructured data and quickly help find valuable business insights through queries. The BI reporting tools help in gaining proper analysis of the data through accurate visualizations, dashboards, reports, etc, and present a genuine picture of the Key Performance Metrics (KPIs), operational efficiencies, new income avenues, new opportunities, trends and patterns, outliers, and much more. BI-enabled Visual dashboards can quickly tell a story and highlight trends or patterns that would generally not be easily discovered when manually analyzing the raw data.
Microsoft Power BI : World’s Leading BI Tool
ESS has chosen Microsoft Power BI due to its ease of use, Data mining capability, Data analytics capability and, excellent Data Visualization capabilities that it offers. Microsoft’s Power BI platform is on the top position in Gartner’s magic quadrant of BI solutions. Gartner has been recognizing Microsoft as a Leader for more than a decade for Analytics and Business Intelligent platforms.