Business Intelligence
Business Intelligence (BI) refers
to skills, processes, technologies,
applications and practices used to support decision making
through data collection, consolidation, modeling and restitution.
Business Intelligence (BI) must, by all terms, suit the needs of every user's porfiles and thus is made available through reports and dashboards which are analytics and propectives as well.
Business Intelligence (BI) must, by all terms, suit the needs of every user's porfiles and thus is made available through reports and dashboards which are analytics and propectives as well.
What is Business Intelligence?
BI technologies provide historical, current, and predictive views of
business operations. Common functions of Business Intelligence
technologies are reporting, OLAP, analytics, data mining, business
performance management, benchmarking, text mining and predictive
analytics. Business Intelligence often aims at a better business
decision-making support . Thus a BI system can be called a decision support
system.
Traditional applications allow users to stock, restitute, modify data from different functional departments (marketing, sales, finance, quality management, etc.). Each one of these different department possesses its own application and data are rarely structured and standardized in the same way. Each department has its own dashboard and it’s rare to measure indicators (for example: sales figure) in the same way, following the same rules and within the limits of the same area.
In order to obtain a global vision of every department or of the enterprise, one should filter data, cross and reclassify them in a centralized datawarehouse. This datawarehouse will allow managers and analysts to make more relevant decisions. That is why we are talking here about Business intelligence.
Traditional applications allow users to stock, restitute, modify data from different functional departments (marketing, sales, finance, quality management, etc.). Each one of these different department possesses its own application and data are rarely structured and standardized in the same way. Each department has its own dashboard and it’s rare to measure indicators (for example: sales figure) in the same way, following the same rules and within the limits of the same area.
In order to obtain a global vision of every department or of the enterprise, one should filter data, cross and reclassify them in a centralized datawarehouse. This datawarehouse will allow managers and analysts to make more relevant decisions. That is why we are talking here about Business intelligence.
Datawarehouses allow users to produce reports which answer the question: “What has happened?” but they also may answer to the analytic question “Why it happened?” and to the prognostic question “What will happen?”. In an operational context, datawarehouses can answer the question: “What is happening at this moment?”, it is even possible , in the case of an active datawarehouse solution, to answer the question “What should happen?”.
Reporting is probably the most used application in Business Intelligence today. It enables managers to :
- Select data related to such a period, such a product, such an industry, such clients, etc.
- Sort data and distribute them according to some chosen criteria
- Realize diverse calculations (total, mean, deviation, comparison between two periods of time, etc.)
- Present results in a global or detailed manner, as often as possible with charts according to enterprise needs and to manager’s expectations.
New opportunities with Business Intelligence 2.0
A Business Intelligence solution, which gives intelligence to data, is necessary but it is not sufficient. The most valuable way is to give the acting members the possibility to appropriate data, to produce them, to exchange them and to timely integrate them in their decisions. That’s why Quatrax proposes B.I solutions designed with the B.I. 2.0. spirit and characterized by:
User friendly
The first step to get valuable information is to make it easily accessible. Our B.I solutions are designed to simply and easily provide the expected information to any user. The unique competence required here is to know how to use a mouse.
Instantaneous
The ability to express your request with just a few clicks is good but it won’t allow you to react in time to Market. You have to react immediately. In fact, the response time is a decisive element in the technological and functional conception of our solutions. Thus, a challenging test on 200 simultaneous users of a large database allowed us to declare that the average time between the click and the display of the requested report is 1,98 second.
Flexible
Customer’s behavior and market challenges are suffering a rapid change. Adding or modifying a report, creating a new indicator in order to show a new reality of the market are necessary…The architecture of our solutions enables to modify rapidly and simply these reports.
Collaborative
With our solutions, users aren’t only information consumers: they become information producers. The technologies we propose allow them to produce easily their own analysis, to submit them for approbation or commentaries of other users and then to publish them on a portal accessible to everyone.