An Introduction to Business Intelligence

1. An Introduction to Business Intelligence Kloudify Technologies

2. Business intelligence is about taking your data and generating business benefits. Taking data and converting it into information, creating knowledge than getting it out to people at the right time in the right place in the right format so they can make better decisions to drive business benefit. In the last few years, there have been a lot of acquisitions and mergers in the business intelligence tools market. The large software vendors have acquired the pure play business intelligence providers. This is very interesting because only a few years ago, it was impossible for the industry to deliver what businesses were asking for, but with the business acquisitions of the tools and bigger companies getting involved, there's much more capability in the technology space. This has resulted in the situation being almost reversed; the technology can now deliver much more than most users actually need when they start out with a business intelligence project.

3. So, if business intelligence is about obtaining data to turn into productive information which can benefit the business, how exactly is that information presented? There are various ways in which that information can be formatted in order to conclude the best decision. For example, it could be presented in a tabular report or a report with graphics. It could be printed or sent by email. It could also be presented through office products such as Outlook, Excel or Word. Dashboards can present an instant view of the business giving a snapshot in time and once you've got this information you would have scorecards put together with red, amber and green making it easier to see your performance to target. Introduction Due to the fact that business intelligence is a broad term, it's often used in different ways. Part of business intelligence is performance management. Once you've got your information in a clear and concise format, you'll need to monitor how this information is then being used and its ultimate impact on your business. The process of tracking these changes is performance management. Encompassing this within your business management strategy allows you to actually change people's behavior and change business.

4. Now you've decided your business needs a business intelligence solution, one of the first things you need to do is procure a tool to actually allow you to implement that solution. A common mistake a lot of companies make is going to different vendors and getting several presentations. By doing this, they get wrapped up in the technicalities of the different technology on the market rather than the overall objectives of the products. Although this does help to give a good overall objective of all the different technologies and how they work, it can be distracting. The most productive course is focusing on what your business needs to achieve and letting your vendor educate you on how technology will benefit you. Introduction

5. At Kloudify, Business intelligence analysts perform a wide range of tasks, including the development of data models, creation and maintenance of systems to gather and analyze data, testing to ensure data is accurate, and reporting to management on progress. BI Analysts transform large sets of data into useful, actionable information. They use various types of software to create reports that help companies make more informed decisions about their operations. For more information about our services, visit us now.

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