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BUSINESS INTELLIGENCE STRATEGY GUIDE HOW TO

Let’s begin with a definition: business intelligence or BI is a set of practices of collecting, structuring, analyzing, and turning raw data into actionable business insights.

BUSINESS INTELLIGENCE STRATEGY GUIDE HOW TO

You will learn how to set up a business intelligence strategy and integrate tools into your company workflow. In this article, we’ll discuss the actual steps of bringing business intelligence into your existing corporate infrastructure. We’ve already discussed machine learning strategy. But how to turn unstructured data chunks into something useful? The answer is business intelligence. Making data-driven decisions requires a 360° view of all the aspects of your business, even those you didn’t think of. Accordingly, any misconception, inaccuracy, or lack of information may lead to a distorted view of the market situation as well as internal operations – followed by bad decisions. And these data channels serve as a pair of eyes for executives, supplying them with the analytical information about what is going on with the business and the market.

Key business intelligence tools on the marketĪll business operates with data – information generated from your company’s many internal and external sources.

Step 7: Implement the end-user interface: reporting tools and dashboards.

Data Warehouse + Data mart technologies.

Data Warehouse + Online Analytical Processing Cubes.

Step 6: Configure a data warehouse and choose an architectural approach.

Domain representatives from different departments.

Step 3: Gather a business intelligence team.

Step 2: Choose tools or consider a custom solution.

Set the objectives, KPIs, and requirements.

Step 1: Introduce business intelligence to your employees and stakeholders.

Business intelligence and predictive analytics.