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Enterprises have been utilizing Business Intelligence to ensure that the decision making is based on ‘facts’ not just ‘guts’ for business benefits. For quite a long time BI technology has revolved around Information storage, integration and analytics. However, lately BI has changed with a bit of business integration and innovation happening in the BI realm. Business Intelligence processes have matured a lot and have found application in many industries including police force intelligence, smarter city planning and not only enterprise decision making.
Improvements in BI processes
Including the traditional tools such as ETL, OLAP, Data Mining; other technologies and tools have started to count under the realm of BI processes. Some of them are:
Even though BI has evolved to a more advanced state now, many firms are found struggling with the basic tenets of BI like setting up a warehouse and getting the dashboards and report generation modules done. It is important to make sure that the foundations of BI are set up rightly based on which later innovations and integration of newer technologies can be done rightly. If used correctly BI can add a dimension of certainty to decision making and hence improve organizational efficiency.
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