Business Intelligence Development

BI(Business Intelligence) can be defined as a set of processes, architectures, and technologies that transform raw data into meaningful information that is used in order to gain profitable business actions. It leverages software and services to transform data into actionable intelligence and knowledge. Business Intelligence development is a new market trend. Also, it offers unlimited opportunities for visualization and compilation of analyses, reports, and more. It is a system for special types of reports that are designed to analyze by asking questions and getting answers. Furthermore, BI tools access and analyze data sets and present analytical findings in a number of visualization ways like reports, summaries, dashboards, graphs, charts, and maps. However, BI is different from standard ERP systems. The reports are displayed in three dimensions in the form of a cube with sections. Moreover, the process is simplified and with a few mouse clicks, you can crawl several different data. In this way, you ask questions, and the BI system summarises the data according to your request and returns specific business operations that you need.
It is a system for special types of reports that are designed to analyze by asking questions and getting answers. Some specific examples of the processes include:

Businesses and organizations usually have goals, milestones, and questions. To be able to track the performance and to answer the questions necessary data is needed to be collected and analyzed to determine what actions to take.
Usually, this data is collected from the organization or business and is stored in a data warehouse or in smaller data marts that hold subsets of business information for individual departments and business units, often with ties to an enterprise data warehouse. This is when the analysis process begins and the data is processed.
The specifics of the data are paid close attention and with the help of advanced statistics and predictive analytics, it is used to discover patterns and forecast future patterns within the company. It is important for data analytics to know why something happened and what can happen next. Business intelligence takes those models and algorithms and breaks the results down into understandable language.
BI is a tool made to give the answers to specific questions and provide insight into the analysis which will prove crucial to decisions or planning. Moreover, the goal is for companies to be able to use the analytical processes to keep improving the follow-up questions and iteration.
Business analytics is not a linear process since after answering one question the answer leads only to more follow-up questions. Instead, it is a cycle of data access, discovery, exploration, and information sharing. This cycle is called the cycle of analytics. This term better describes the process of how businesses use analytics to adapt and react to changing questions and expectations.
We at Rubicom understand this process and make sure your BI system is catered to your company’s needs.

As mentioned earlier the role of business intelligence in an organization is to improve internal operations through the use of analyzed data. With BI, companies that have implemented those tools and techniques have the advantage of data-driven decision-making. It is important to note that, having this insight into the company’s processes and strategies, grants the organization an advantage when it comes to making better business decisions. Furthermore, those decisions might prove important in the process of increasing productivity and overall growth, which in return brings higher profits.
If a company doesn’t use BI, workers and executives are needed to focus on basing their business decisions on other factors. Such factors include accumulated knowledge, previous experiences, intuition, and gut feelings. While those methods can result in good decisions, they’re also fraught with the potential for errors and missteps because of the lack of data underpinning them.

Overall, the key benefits that businesses can get from BI applications include the ability to:

Rubicom understands those benefits and makes use of the latest technology in order for your BI solution to be best matched for your needs and goals. Moreover, BI initiatives also provide narrower business benefits — among them, making it easier for project managers to track the status of business projects and for organizations to gather competitive intelligence on their rivals. In addition, BI, data management, and IT teams themselves benefit from business intelligence, using it to analyze various aspects of technology and analytics operations.