What is business intelligence (BI) and what is it for?
Business intelligence (BI) is the set of processes and tools that transforms a company’s data into useful information to make better decisions.
Business Intelligence (BI) is the set of processes, technologies and practices that collect, integrate and analyze a company’s data to turn it into clear information that supports decision-making. In practice, it translates into dashboards and indicators that show the state of the business in near real time.
Benefits of implementing BI
- Decisions based on reliable data instead of intuition.
- Centralized, up-to-date information in one place.
- Early detection of risks and opportunities.
- Time savings by automating reports.
Common tools
BI solutions usually rely on tools like Power BI and Excel to model data and build dashboards. At AMERIN we implement BI tailored to each company, integrating their existing information sources.
Frequently asked questions
What is the difference between a report and a BI solution?
A report is a static snapshot; a BI solution integrates the data and lets you explore it dynamically and continuously through dashboards and indicators.
Can a small company use BI?
Yes. BI adapts to the size of the company; even with a well-structured Excel you get clear benefits.