Business Intelligence Solution
Business Intelligence Solution: Business Intelligence Solution transforms the raw data into meaningful and useful information for intuitive presentation of knowledge and for the publication of business intelligence objects. Business Intelligence solution enables, the collection and ingestion of intelligence data through enrichment and augmentation. Business Intelligence solution can handle large amounts of information through collaboration. The solution helps to identify and develop new opportunities through theories, methodologies, processes, architectures, and technologies .
Business intelligence Solution Functionalities :
Business Intelligence solution analyze the raw data with seasonal, trend analysis , what if scenarios, modeling using different data modeling techniques and similar functionalities.
The solution provides very comprehensive functionalities for creating reports for better understanding of the business data. Business users can create, view, modify report and visualizations online and offline and with other office products.
3: Real time monitoring
Business Intelligence solution provides tools to analyze the real time up to the second operational data to enable the business to take quick and informed decisions.
The solution provides dashboards which helps the business to monitor, measure and manage business performance in a very quick manageable way.
Business Intelligence solutions provides industry standard scorecards to enable the business to measure the key performance indicators.
6: Collaborative Business Intelligence
Business Intelligence Solution provides capabilities to collaboratively share the information with different stakeholders with in the organization and outside.
7: Mobile Business Intelligence
Business Intelligence solution provides functionalities to make the same information such as reports, dashboards, monitoring available in mobile device.
8. Advanced Analytics and visualization
Some of the business intelligence solutions provide advanced analytics and visualisation capabilities enabling real time visualisation in different forms and methods and to augment additional functionalities.
Deployment of Business Intelligence Solution
Business intelligence deployment can bring additional business value in all of the business verticals. Tangible benefits can be achieved in measurement , analytics, reporting, enterprise reporting, collaboration, collaboration platform, knowledge management.
Applications of Business Intelligence solutions :
- Provides business insight, in time to deliver value.
- Integration across the extended enterprise with role based information availability.
- Data delivered to support real-time decision-making.
- Metrics that are aligned with data that can be adapted as the business changes.
- Measurement of metrics and benchmarking with information about progress towards the business goals .
- Provides analytics to arrive at optimal decisions and to perform business knowledge discovery.
- Collaboration platform for the different stakeholders of business to work together.
- Knowledge management for a data driven company.
Example data flow of a Business Intelligence Solution
Business Intelligence solution uses data gathered from a data warehouse or a data mart. The source data is collected from multiple sources through transformation and stored in an infocube or a data warehouse. A data warehouse is a repository of analytical data that facilitates decision support.
1.Source Systems: data is extracted from multiple source systems.
2.Extraction Structure: data standardization and referential integrity checks.
3.Operational Data Store : data cleansing and data profiling checks.
4.Data warehouse: central repository and storage for data. data completeness,referential integrity and consistency between sources are checked.
5.Reporting: web based and or graphical user interface reporting.
Web business intelligence
Web business Intelligence is a set of new tools and software for business intelligence that enables the dynamic querying of real time corporate data by employees and business users with a more web and browser based approach to that data. Web business intelligence provides flexible, intuitive, drag-and-drop, instant dashboards, ad hoc reporting tools and interactive analytics on the Web, that is on desktop, laptop or mobile device. Web mining requires techniques from both information retrieval and the artificial intelligence domain.
Web business Intelligence is achieved using the service oriented architectures (SOA), which enables for a flexible, composable and adaptive middleware. Open standards for exchanging data such as XBRL, the Extensible Business Reporting Language, Web Services, various semantic web technologies and benchmarking of technologies enable using data external to an organization.
Today’s in memory database, distributed database and other technological advancements have moved the speed of processing of classical data warehousing into near real time. The result is real time business intelligence. Real time business intelligence delivers information about the business operations as they occur. Real time means as to the second when it happens and it provides access to information whenever it is required.
Web business intelligence Advantages:
- Deliver personalized business intelligence to clients, colleagues, customers, and partners.
- Productivity improvement by giving users an intuitive tool which clears the backlogs.
- Improve ad hoc reporting and analytics across any data source .
- On the go analytics when you need them, no matter where you are.
- Make real-time data visible to all relevant parties.
- Enable efficient streamlined contribution to planning and execution process.
- Provide simple and timely access to planning and execution data and relevant business information.
- Intuitive user interface for Web business intelligence, providing extensive spreadsheet capabilities like formulae, functions, graphics, etc.
- Enable faster and more accurate plans and execution aligned to customer demand requirement.
Business Intelligence Software Solutions
Following are some of the top business intelligence companies. Click on the button below for a review of the Top 37+ business intelligence companies.
- Logi Analytics
Following are some of the open source and free business intelligence solutions.Click on the button below for a review of 25+ Open Source and Free Business Intelligence Solutions.
Free Extract, Transform, and Load, ETL Software
Jaspersoft ETL, HPCC Systems, Talend Open Studio, CloverETL, GeoKettle ETL, Jedox, Pentaho ETL, Toolsverse ETL Framework, EplSite ETL, GETL ETL, Scriptella, KETL(tm), Apatar ETL, RapidMiner are some of the top free Top Free Extract, transform, and load,ETL Software in no particular order.
Cloud – SaaS – OnDemand Business Intelligence Solutions
Birst, GoodData, Kognitio, Jaspersoft, Actuate’s BIRT, Bime, SAP Business Objects on Demand, MicroStrategy, Domo, SiSense, Yellowfin, Pentaho, IBM Business Intelligence Pattern, SAP Lumira Cloud, TIBCO Spotfire Cloud, 1010Data,Tableau Online, Oracle Business Intelligence, Microsoft BI, Information Builders, Logi Analytics , Panorama Software, Zoho, Deloitte Managed Analytics, Alteryx , Matillion , SpagoBI for Cloud, Salesforce Analytics cloud, QlikView, Informatica, FICO Analytic Cloud, SAS Cloud Analytics, Rosslyn Analytics, Mo’mix, Bitam, BellaDati, RJMetrics, Atom BI, Hyperion, AnaPlan, Chartio, TARGIT Cloud, Host Analytics, Oracle Eloqua are some of the top Cloud – SaaS – OnDemand Business Intelligence Solutions in no particular order.