Different Use Cases of Business Intelligence

Analytics is a business intelligence method that involves the investigation of available information to derive important insights and trends. This is a popular BI method since it enables organizations to comprehend the information they have and make data-driven decisions profoundly.

FREMONT, CA: Business intelligence (BI) is a collection of tools and strategies that examine and convert raw data into sound information for use in business analysis to help in decision making. In order to stay ahead in the competition, businesses need to store everyday data into their repositories and rediscover and use the stored data at the right time. This is where BI comes handy. It helps businesses get insights from a pool of accessible data to deliver exact and real-time inputs for decision making.

Let us look at the different uses of BI:

Analytics

Analytics is a business intelligence method that involves the investigation of available information to derive important insights and trends. This is a popular BI method since it enables organizations to comprehend the information they have and make data-driven decisions profoundly.

Augmented Analytics

Augmented analytics is a process that includes taking information from raw data sources, scrubbed, and analyzed in an unbiased manner, and conveyed in a report using natural language processing that people can comprehend. Thanks to machine learning, augmented analytics looks for patterns in the data or finds other significant insights without the interference of data scientists.

Self-Service Analytics

Self-Service Analytics enables end-users to effectively analyze their information by making their own reports and changing existing ones without any requirement for training. Self-service analytics or ad hoc reports provide users the capacity to make reports rapidly, allowing them to get data analysis in less amount of time. End users can analyze their information by gradually adding or altering calculation functions to a report. This sort of flexibility decreases the weight on the technical division.

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