Certainly, no one is aware that the role of BI is ultimately support decision-making in the organizational context of a business, corporation or institution. An ultimate goal is widely known consequences: minimizing risks, improving competitiveness, opportunity … and that required to cover, at the same time, so extensive and complex areas such as data management or strategic planning of the company.
But we state the key operations that distinguish and characterize a BI environment? Would we know trace the path that leads from raw data to a successful decision-making?
The 3 key operations in the Business Intelligence
It goes without saying that, in trying to simplify operations and processes that characterize an environment of business intelligence, can incur a trivialization and an oversimplification of a highly complex issue that requires professional advice and support of a technical team expert for implementation and early wanderings in BI ecosystem.
Therefore, we strongly recommend consulting resources published in our training section, available for free, which provide full and comprehensive information on key aspects of business intelligence.
That said, we set out the three basic areas in which the main operations are conducted at BI enroll, viewing the ecosystem of business intelligence as a pyramid with the analysis and management of data at its base, and the decision making at the top.
Analysis and data management : decisions must be supported by a thorough analysis of the available data. Given the speed with which increase the variety and volume of data sets that manage organizations, it is essential to have a strategy for analyzing corporate data sufficiently robust, supported by analytical tools and effective and efficient management of data.
This is where comes in Business Intelligence, allowing not only an analysis and optimal management, but also facilitating the identification of relevant data and decoding sensitive company information. To delve into the issue, it is very suitable guide 10 tips to define your corporate data management strategy, available completely free.
“What is not measurable, can not be controlled or improved”. This maxim seems to have inspired not only the invention of the Balanced Scorecard (central tool in BI environments), but also the development of comprehensive Business Intelligence solutions.
This is the magnitude and importance of measurement in the ecosystem of business intelligence : metrics and reports, performance reports, Forecasts … become central elements in all the operations carried out in BI environments from consideration historical reporting to the stage design what-if .
Display : the culmination of Business Intelligence resources to support decision-making are the systems and visualization tools, more and more essential when not just get almost immediate knowledge from relevant data translated into graphic information and friendly, but also to show and expose data to third parties involved in the future of the organization (customers, investors …).