Business intelligence applications examples

BUSINESS INTELLIGENCE APPLICATIONS EXAMPLES HOW TO
BUSINESS INTELLIGENCE APPLICATIONS EXAMPLES SOFTWARE

In the past, IT professionals had been the primary users of BI applications. business analytics: Where BI fits in your data strategy.вЂќ Business intelligence strategy While the predictions and advice derived from business analytics requires data science professionals to analyze and interpret, one of the goals of BI is that it should be easy for relatively non-technical end users to understand, and even to dive into the data and create new reports.ДЇor more, see вЂњ Business intelligence vs. As the Stitchdata blog explains, BI aims to deliver straightforward snapshots of the current state of affairs to business managers.

It also gets to the heart of the question of who business intelligence is for.

The distinction between the descriptive powers of BI and the predictive or descriptive powers of business analytics goes a bit beyond just the timeframe weвЂ™re talking about. (Business analytics are usually thought of as that subset of the larger category of data analytics thatвЂ™s specifically focused on business.) Business analytics, on the other hand, is an umbrella term for data analysis techniques that are predictive- that is, they can tell you whatвЂ™s going to happen in the future - and prescriptive - that is, they can tell you what you should be doing to create better outcomes. One thing you will have noticed from those examples is that they provide insights into the current state of the business or organization: where are sales prospects in the pipeline today? How many members have we lost or gained this month? This gets to the key distinction between business intelligence and another, related term, business analytics.Д«usiness intelligence is descriptive, telling you whatвЂ™s happening now and what happened in the past to get us to that state.

A sales team could use BI to create a dashboard showing where each repвЂ™s prospects are on the sales pipeline.Д«usiness intelligence vs.

BI tools could automatically generate sales and delivery reports from CRM data.

A co-op organization could use BI to keep track of member acquisition and retention.

Rather, BI offers a way for people to examine data to understand trends and derive insights by streamlining the effort needed to search for, merge and query the data necessary to make sound business decisions.Д«I vendors Tableau and G2 also offer concrete examples of how organizations might put business intelligence tools to use:

BUSINESS INTELLIGENCE APPLICATIONS EXAMPLES SOFTWARE

Dashboards are hosted software applications that automatically pull together available data into charts and graphs that give a sense of the immediate state of the company.ДЄlthough business intelligence does not tell business users what to do or what will happen if they take a certain course, neither is BI solely about generating reports. Reporting is a central facet of business intelligence and the dashboard is perhaps the archetypical BI tool. business analytics: Where BI fits into your data strategy

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BUSINESS INTELLIGENCE APPLICATIONS EXAMPLES HOW TO

Learn how to use data analytics for decision-making and the secrets of highly successful data analytics teams.

Business intelligence applications examples