Business Intelligence (BI): what is that?

 

 

These days, there’s a lot of talk about BI, but what exactly is it?

BI stands for Business Intelligence, which can be loosely translated as knowledge about the organization. This knowledge is gained through available information, essentially providing insights into business information. This is typically achieved through reporting on processes and business activities.

 

 

BI what it that
Dashboard developing BI what is that

Where is it used for?

It is used in organizations as steering information to manage business processes. To ensure these processes run smoothly, it is necessary to collect data, convert it into relevant information, and perform analyses on it. Organizations with a wealth of data at their disposal can develop various BI reports. With these reports full of valuable business analyses, decisions can be made more quickly, which are also more effective and efficient.

 

Who uses it?

BI reports are primarily used by (senior) management to make decisions. Based on the insights they have gained, management can direct processes or request optimizations from responsible parties within the organization. The management team often uses BI reports to access the most relevant information in a clear and concise manner, enabling them to make quick decisions and adapt as needed.

 

How is a BI report created?

Such a report needs to be developed in a business intelligence tool. There are various business intelligence tools available on the market. One widely used tool is Power BI. Power BI enables quick insights into digital data by connecting multiple data sources. These insights are gathered in a dashboard accessible online via a browser or an app.

From BI reporting to dashboard

A BI report is developed by a dashboard developer. A simple dashboard can already be built by an enthusiast who has followed Power BI training . For complex BI reports, organizations often choose to have a dashboard created.

BI for your organisation?

DATA KINGDOM has various services to gain more insight, so that you can base your choices on today’s current situation. This way you make the best informed choice for tomorrow.

Please contact us!

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