ABOUT BUSINESS INTELLIGENCE
Business Intelligence (BI) refers to the systematic use of tools, software, and methodologies to collect, integrate, organize, analyze, and present business data.
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BI initiatives typically commence with the collection of data from diverse sources, including databases and spreadsheets. Subsequently, this data undergoes integration processes to ensure coherence and comprehensiveness. Once consolidated, BI systems employ analytical techniques to uncover meaningful patterns and trends within the data. Ultimately, BI translates these insights into easily digestible formats, such as charts or graphs, to aid stakeholders in comprehending complex information.
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By leveraging BI effectively, businesses can capitalize on their data assets to enhance operational efficiency, drive innovation, improve decision-making and gain a competitive edge in the marketplace.
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BI
Data Integration
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BI starts with the collection of data from various sources, including internal systems (such as databases, ERP systems...), external sources (such as market research reports, social media...) and even local documents (i.e. excel files). This data can be structured, semi-structured, or unstructured.
DWH Implementation
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Once the data is collected, it needs to be integrated into a centralized data repository or data warehouse. Data integration involves combining data from disparate sources, cleaning and transforming it to ensure consistency and accuracy, and preparing it for analysis.
Data Analysis
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Advanced analytics techniques are applied to extract meaningful insights from the data. This includes descriptive analytics (summarizing historical data), diagnostic analytics (identifying patterns and trends), predictive analytics (forecasting future outcomes), and prescriptive analytics (suggesting actions based on analysis).
Data Reporting
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BI tools often include data visualization capabilities to present insights in a visual and easily understandable format, such as charts, graphs, dashboards, and reports. Visualizations help users explore data, identify trends, and communicate findings effectively. Reporting features allow users to distribute reports to stakeholders
on a regular basis.
Self Service​
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An emerging trend in BI is self-service BI, which empowers business users to access and analyze data without relying on IT or data specialists. Self-service BI tools provide intuitive interfaces and drag-and-drop functionality for data exploration. Data democratization fosters universal access to data, empowering informed decision-making at all levels.
Other​
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BI comprises various segments beyond those described above, such as: Data democratization empowers users to access and utilize data insights independently, fostering a culture of informed decision-making. Data governance ensures data quality, integrity, and compliance. Performance management tools enable metric monitoring and strategic alignment for continuous improvement.
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Numerix d.o.o.
Bosutska 9
10000 Zagreb, Croatia
