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Business Intelligence (BI)

by Addend Analytics Addend Analyatics

Business intelligence (BI) provides accurate, worthy info to the best people at the best period in buy to help them in making business decisions. It is certainly a collection of technology that assists in combining and examining data to assure the improvement of the business. It collects data from different resources and shops it in one common specific location (Data Warehouse) which makes the work easier for the people who desire to evaluate the data. Also Read: - Data Warehousing Business Intelligence

 

Essential elements of BI solutions are data mining, analyzing of data, benchmarking, visualization of data, reporting, predictive analysis.

 

Let us appear in every element in detail

 

1.         Data mining: data mining is normally collection of data or removing the data from a huge supply of data and compile it therefore, it shall help in increasing sales or decrease the cost.

The types of data can be unstructured or structured.

 

2.         Analyzing of data: analyzing data is usually a collection of raw details from the various resources and convert it into important info that will help the business to have a better decision. Also Read: - Power Bi Consultant

 

3.         Benchmarking: in business intelligence, benchmarking terms can be used for evaluating the various requirements in the sector. Simply because of the quality of performance & price of a company’s product to set the standards in the market. it helps in improving performance.

 

4.         Visualization of data: visualizations of data in business intelligence makes the data understandable, visible. It tells how to represent the data. So, it’s concept can be convenient.

 

5.         Reporting: In business intelligence reports are provided to the companies after collecting from different sources & compiling it which will be beneficial for the corporation. Also Read: - Data Warehousing and Data Mining

 

6.         Predictive analysis: It uses mathematical models to estimate future results and what will be trends in the future. Recommendations are provided to ensure that the result will be positive & it will also reduce the risk of losses & improves the performance.

 

In brief one can say, Business intelligence is extracting raw data from different sources, saving it at one place and transforming it into valuable information which is necessary for running the business. Used effectively, it predicts the future trend of the business also.

 

This in turn, helps to generate new opportunities for business and helps in running the continuing business efficiently.

 

We are Microsoft certified experts in Predictive Data Analytics technologies i.e. Power BI, SQL Server, Azure data warehousing. Addend Analytics, helps you to accelerate this journey and make it easier and highly predictable by doing all the heavy lifting. Our team not only designs and implements these solutions but also trains all stakeholders and hand-holds for faster adaption. To know more about the big data warehouse, Visit us now!


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About Addend Analytics Freshman   Addend Analyatics

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Joined APSense since, October 1st, 2019, From California, United States.

Created on Jan 21st 2020 03:48. Viewed 396 times.

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