From everyday decision-making to optimizing the use of resources to predicting future needs, Enterprise Business Intelligence plays a vital role in how a business operates and eventually grows. Back in the day, business decisions were often based on prior experience, accumulated knowledge, or intuition. But dedicated business intelligence (BI) tools are replacing it with data-driven decision-making. They combine data analysis, visualization & reporting capabilities to uncover actionable information. Further, it can be delivered to executives, managers & other business users.
Enterprise business intelligence enables monitoring business operations and optimizing the usage of available resources. This comprehensive blog will provide practical insights into challenges it can solve, core features, capabilities, common BI use cases, and more. So, let’s get started!
Here’s what we’ll cover:
It refers to using technologies, tools, and techniques to collect, analyze, and present data from various sources within an organization. EBI aims to provide decision-makers with insights into their company’s operations, trends, and opportunities, enabling them to make informed business decisions. It typically includes data warehousing, data mining, online analytical processing (OLAP), and other data analysis tools to extract meaningful insights from large and complex datasets. The data is typically gathered from various internal and external sources, including transactional systems, customer relationship management (CRM) systems, and social media platforms.
It unifies multi-formatted data from your company’s departments into a centralized repository to enable data-driven decision-making with role-based access to the analytics results.
An enterprise business intelligence (BI) solution can provide numerous benefits to your business, including:
An enterprise BI solution can help businesses become more data-driven, efficient, and competitive, ultimately leading to better business outcomes.
Challenges an enterprise BI solution can solve,
The underlying architecture plays a crucial role in the successful implementation of an enterprise BI solution that uses data analysis to help your company:
A robust business intelligence architecture lays the foundation for data management and technology standards with best analytics practices. It serves as a blueprint for consolidating, organizing, processing, managing, and making data available for visualization and reporting. Let’s look at what goes into putting such a framework;
A temporary staging area is needed to ensure data quality and integrity while extracting, transforming, and loading data from disparate sources. It enables:
This layer needs subsets specific to all associated business lines to facilitate data storage for further analytical processing and reporting. It includes:
An EBI solution is a comprehensive system that integrates various tools, technologies, and practices to collect, analyze, and visualize data from multiple sources to help organizations make informed decisions. The key features of an Enterprise BI solution are:
Companies that aim to collate and analyze complex and larger datasets can look for the following capabilities in their chosen BI solution:
You must choose an enterprise business intelligence platform with the abovementioned capabilities to use your data efficiently and optimally. However, BI solutions constantly evolve, so pick the one that prioritizes scalability and enables innovation.
From consolidating disparate data sets under one roof to analyzing them and offering convenient analytics, we address diverse enterprise user needs.
We offer a full range of Business Intelligence services to integrate multi-source data and apply analytics techniques to extract insights from the input records automatically. Our team of data management professionals utilizes a comprehensive tech stack that comprises data visualization technologies like – Power BI, SQL reporting service & data warehousing using – MySQL, SQL Server, Hadoop & Talend.
Listed below are the services we offer for Enterprise BI Implementation;
With our Power BI consulting & development services focus, we support you in defining BI strategy while architecting & implementing the needed infrastructure. Our team supports you with data preparation, identifying the right KPIs, helping develop personalization options with dashboards, integrating third-party solutions & embedding scalable data models.
A UK-based medical services provider sought to enhance the diagnosis & treatment quality for critical care patients. For this, the need was to develop a standalone alone system that collates recorded data (historical & current health data sets) from various connected devices and the patient’s vitals.
We helped develop an ML-based healthcare monitoring system that records & analyzes large data sets of patient health in real-time to enable informed decisions.
Read more about this Machine Learning Driven Healthcare Monitoring System, its key features, and how it helped improve clinical efficiency and patient care.
BI is a technology-driven process that analyzes data and presents actionable insights to help businesses make more informed decisions. Today many industries use one or the other BI solution to predict future outcomes, improve employee satisfaction, and gain a competitive edge.
Here are some use cases of enterprise business intelligence solutions applicable across different industries:
Our BI implementation strategy aims to create a centralized approach using your data and analytics to support your decision-making mechanism and drive desired outcomes. It includes the following steps:
Best suited for enterprise-wide business analysis
Ideal for data-driven companies that want to collaborate with data using self-service analytics.
Recommended for automated querying and reporting across data sources
The cost of implementing an enterprise business intelligence solution varies considerably depending on different factors such as:
In conclusion, enterprise business intelligence is critical in helping organizations gain insights into their operations, customers, and market trends. It provides decision-makers with data-driven insights that enable them to make informed decisions, identify opportunities, and mitigate risks. Implementing an effective enterprise business intelligence system requires careful planning, robust data management, and the integration of cutting-edge technologies. By investing in enterprise business intelligence, organizations can gain a competitive edge in their industries and position themselves for long-term success.
We can help integrate BI solutions with suitable functionalities to enable you to make the best use of data and related resources.