BUSINESS INTELLIGENCE

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith

BI (Business Intelligence) is a set of procedures, structures, and technologies that convert raw data into important data that drives productive business actions. It is a suite of software and services to change information into significant insight and knowledge.

How to use Business Intelligence?

At Liqteq, we utilize our experience, knowledge, and extraordinary skills to provide Business Intelligence solutions, services, and counseling. We provide customized business intelligence solutions so you can deal with your information effectively and proficiently for your business future. How?

Online analytical processing (OLAP):

Online analytical processing, is an approach to answer multi-dimensional analytical (MDA) queries swiftly in computing. OLAP is part of the broader category of business intelligence, which also encompasses relational databases, report writing and data mining.

Digital dashboards:

A dashboard is a type of graphical user interface which often provides at-a-glance views of key performance indicators (KPIs) relevant to a particular objective or business process. In other usage, “dashboard” is another name for “progress report” or “report.”

Business activity monitoring:

Business activity monitoring (BAM) is software that aids in monitoring of business activities, key performance indicators, business/operational exceptions and business risks, as those activities are implemented in computer systems.

Data cleansing:

Data cleansing is the process of detecting and correcting (or removing) corrupt or inaccurate records from a record set, table, or database and refers to identifying incomplete, incorrect, inaccurate or irrelevant parts of the data and then replacing, modifying, or deleting the dirty or coarse data. Data cleansing may be performed interactively with data wrangling tools, or as batch processing through scripting.

Advantages of BI:

Increased Productivity BI program enable businesses to create reports with a single click which saves time and resources. It also allows employees to be more efficient in their work.

Improve Visibility BI helps to improve the visibility of processes and highlight the area which needs attention.

Better Accountability BI systems allots accountability in the organization as there must be somebody who should own accountability and proprietorship for the organization’s performance against its defined goals.

Provide complete view BI systems help organizations as decision makers get a comprehensive view of the organization’s performance through BI features like dashboards and scorecards.

Automate Business Processes BI removes complexity from business processes of an organization and automates analytics by its offerings.

Provide Easy Analysis BI has made it easier for everyone to collect and process data quickly.

 

 

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