Business Intelligence (BI) is the organised use of data in the business environment. Usually it is used to analyse, predict, and report the performance. Specialised software BI tools are used to do this function. However with right support, spreadsheet software like Microsoft Excel ( part of Microsoft Office Suite ) can be a great tool; Excel can be deployed to do certain BI functions with ease.
While Information is now recognised as the power for running the show, the insights that are brought about from it are ruling supreme! And that is where BI Analytics steps in. In digital world, Analytics is the interpretation of company’s bottom line. ‘Do the math’ is the order.
Business Intelligence professionals are not living in their own island and most of the time they are influenced by general IT trends. ExpertsTown presents them the top ten IT trends here:
SQL is an ANSI (American National Standards Institute) standard. SQL stands for Structured Query Language. This language is used to access / communicate with a database. A database is an organised collection of data usually in digital form. Though SQL was originally developed by IBM, and first made commercial by Relational Systems (now part of Oracle), almost all database software vendors support SQL while adding their own SQL extensions.
Performance Management is considered to be an integral part of Business Intelligence (BI). Corporate Performance Management has been defined as ‘set of processes that help organizations optimize their business performance. It is a framework for organizing, automating and analyzing business methodologies, metrics, processes and systems that drive business performance.‘ Let us have a look at some of the processes that form part of Corporate Performance Management. If we do a walk through in the corporate environment, we can experience the use cases and examples in real time.