The Importance of Business Intelligence and What it Means for Your Data

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As Microsoft puts it, “Business intelligence (BI) helps organizations analyze historical and current data, so they can quickly uncover actionable insights for making strategic decisions. Business intelligence tools make this possible by processing large data sets across multiple sources and presenting findings in visual formats that are easy to understand and share.”

BI tools combine data from the market you operate in with your own internal data, such as financial and operational data, to deliver a comprehensive set of “intelligence” about your business. It presents business intelligence in visually appealing, easy-to-understand formats, allowing for clearer interpretation of actionable insights.

Centralizing and standardizing your data in a business intelligence platform allows it to be secured, shared, and used effectively. This results in greater ease when adding:

  • New users (even acquired companies)
  • Central management of the technology
  • Simplified BI reporting
  • Faster, more comprehensive data analysis

Why is Business Intelligence Important?

By unlocking the value of internal and third-party data for every business and user in your network with business intelligence tools, you can provide real-time insights about your business, anywhere, anytime. These BI tools empower your team with user-friendly access to the business intelligence tools they need to make better decisions, faster.

Often with our own clients, we provide ad hoc reporting, self-service data visualization and dashboards, mobile BI, and more to help business users improve performance and become more effective in everything they do.

We believe there’s true power in building a data-driven culture in your organization with powerful, visually stunning analytics.

Learn more about our Business Intelligence Consulting Services.

BI Solutions

What is a Data Strategy?

Data strategy refers to the tools, processes, and rules which define how to manage, analyze, and act upon business data. It does not just help you make informed decisions based on your data but also ensures you keep your data safe and compliant.

Identifying new opportunities and implementing an effective strategy based on insights makes organizational data work and unlocks its true potential. It helps your organization gain a competitive edge by improving your operational efficiency, driving revenue, reducing BI costs, and delivering a superior customer experience.

When establishing a data strategy with clients, the proper approach should incorporate:

  • Evaluating data systems, people, and technology readiness and formulating high-level adoption strategies
  • Solutioning end-to-end architecture including data ingestion, processing, storing, and data visualization
  • Formulating detailed strategies containing roadmaps and indicative timelines
  • Analyzing the current data environment in terms of processes and platforms
  • Finalizing best-fit tools for beautiful data visualization
  • A migration template-based scrutiny of the current data infrastructure, application dependencies to identify areas to re-platform using the cloud

Data Processing, Modeling, and Visualization Development

For any BI project, data processing and modeling are key areas where most development efforts go into.

As the volume, variety, and velocity of data have dramatically grown in recent years, architects and developers have had to adapt to a variety of tools and technology to achieve real-time reporting with fast-moving data pipelines.

When building out your BI solution, it should include:

  • Best-in-class visualizations backed by robust semantic models meant for truly self-service reports and dashboards
  • Strict adherence to best practices in design principles resulting in user-friendly, intuitive models and reports
  • A full-fledged data platform migration strategy containing a detailed plan that aligns IT with business and ensures minimal disruptions to business
  • Development using our standard control framework auditing and logging every step of data processing and storage

Looking to develop your business intelligence strategy? Talk to our Business Intelligence consulting team.

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