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- #HOW TO DEVELOP YOUR BUSINESS INTELLIGENCE STRATEGY ANDROID#
- #HOW TO DEVELOP YOUR BUSINESS INTELLIGENCE STRATEGY SOFTWARE#
No matter how companies process their data, the insights from analytics reports affect all company’s processes. The reason companies invest in BI is data analysis. The BI process is usually divided into the following stages: Basically, by collecting, structuring, and analyzing, BI converts raw data into meaningful information. Then it analyzes and visualizes this data to understand it and get valuable insights to make your business evolve by making better decisions. To perform this BI has methods to collect unstructured data and convert it into information to improve business decisions.īI exploits the data your business generates in all of its activities. To put it simply BI is about delivering relevant information to the right people at the right moment to achieve better decisions in a faster way. Here are a few explanations that we consider relevant.
#HOW TO DEVELOP YOUR BUSINESS INTELLIGENCE STRATEGY SOFTWARE#
BI aims to find patterns and trends among all this data.īusiness Intelligence revenue in software is projected to reach US$23,258.94m this year. Companies received access to endless sets of data (internet usage records, social media activity, etc). Over the next decades, these systems turned into a comprehensive tool mainly due to the increase in the amount of data that companies can collect on their internal processes their customers (the rise of the internet and computer usage accelerated this process)Īdditionally, it became cheaper to store data in larger quantities than it used to be. It appeared in the 1950s as a technology called decision support systems.
#HOW TO DEVELOP YOUR BUSINESS INTELLIGENCE STRATEGY ANDROID#