How the Business Intelligence Process Works?
- Get link
- X
- Other Apps
How the Business
Intelligence (BI) Process Works?
Here we will discuss
how the business intelligence process works. Businesses and organizations have
questions and goals. To answer these questions and track performance against
these goals, they collect and analyze the necessary data and determine what
steps need to be taken to reach their goal. On the technical side, raw data is
collected from the operation of the business. Data is processed and stored in
warehouses. Once it is stored, users can start the analysis process and access
the data to answer business questions.
2. Data sets are
analyzed to analytics data for analysis.
3. BI Analytics and
other analytics professionals and business users ask analytical questions against
data.
4. Inquiry results are
built into data visualizations, dashboards, reports and online portals.
5. Business executives
and employees use information for decision making and strategic planning.
How the Business
Intelligence Process Works? Let us look at the different stages involved in the
BI process.
- Data Mining: Uses databases, statistics, and machine learning to track trends in large datasets.
- Reporting: Sharing data analysis with stakeholders allows them to draw conclusions and make decisions.
- Performance Measures and Benchmarking: Compares current performance data with historical data to track performance against targets using customized dashboards.
- Descriptive Analytics: Preliminary data analysis is used to find out what happened.
- Querying: Data asks specific questions, and BI pulls answers from datasets.
- Statistical analysis: Take the results from the descriptive analytics and explore the data further using statistics such as how this trend occurred and why.
- Data Visualization: Converts data analysis into visual representations such as charts, graphs, and histograms.
- Visual analysis: Flies explore data through visual storytelling to communicate and stay in the stream of analysis.
- Data Preparation: Compile multiple data sources, identify dimensions and dimensions, and prepare it for data analysis.
- Get link
- X
- Other Apps
Comments
👌🏻👌🏻
ReplyDelete