BUSINESS INTELLIGENCE

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Evolution of BI

on July 19, 2024

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BUSINESS INTELLIGENCE

Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions. As part of the BI process, organizations collect data from internal IT systems and external sources, prepare it for analysis, run queries against the data and create data visualizations, BI dashboards and reports to make the analytics results available to business users for operational decision-making and strategic planning . The ultimate goal of BI initiatives is to drive better business decisions that enable organizations to increase revenue, improve operational efficiency and gain competitive advantages over business rivals. To achieve that goal, BI incorporates a combination of analytics, data management and reporting tools, plus various methodologies for managing and analyzing data.

GRAPHICAL REPORT

A graphical report, also known as a visual report, is a report that uses visual elements to make data more visually appealing . These elements can include charts, graphs, maps, and dashboards. Graphical reports can also include embedded content like text, graphics, hyperlinks, and static and data-driven information. . Graphic visual representation of information is a crucial component in understanding and identifying patterns and trends in the ever increasing flow of data. Graphical representation enables the quick analysis of large amounts of data at one time and can aid in making predictions and informed decisions. Data visualizations also make collaboration significantly more efficient by using familiar visual metaphors to illustrate relationships and highlight meaning, eliminating complex, long-winded explanations of an otherwise chaotic-looking array of figures. Data only has value once its significance has been revealed and consumed, and its consumpt...

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Evolution of BI

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