In today’s data driven world, businesses face an overload of data and businesses that want to work smarter are investing in ways to control and understand that data.
Business intelligence, also known as “business intelligence” or “business intelligence” refers to all the solutions using information technology (IT) allowing companies analyze data for the benefit of their decision-making.
Business intelligence programs can have many benefits for the company. They enable accelerate and improve decision-making, optimize internal processes, increase operating efficiency, generate new revenue, and gain a competitive edge. BI systems also help businesses identify market trends at identify issues that need to be resolved and make both tactical and strategic decisions.
1. Data collection
This involves extracting data from the company’s various sources (production systems), transforming it, and loading it into the database. data.
2. Data storage
It is about centralizing structured and processed data so that it is available for decision-making use, easy to analyze.
3. The distribution or restitution of data
It consists of using different tools to restore information in a usable form for decision-making.
4. Data Mining
Cleaned, consolidated, accessible, and stored data is now ready for analysis by end users or analysts.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
