Business Intelligence Vs Software Application Design – Business intelligence (BI) is the ability to look at and analyze data to provide actionable insights – but this ability was not always so available. The BI tools and platforms developed in the early days were very different to the modern analytical capabilities we have today
In this article, we will discuss further the history of business intelligence platforms. We will start with the definition of business intelligence and its scope.
Business Intelligence Vs Software Application Design
Business intelligence (BI) is a set of technologies that are used to solve specific business problems. BI tools are typically designed to deliver a mix of functional embedded analytics, analytics platform capabilities, and rich data visualization functionality.
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They include reporting tools, statistical analysis tools, database management systems and data mining applications. BI is usually implemented as a stand-alone technology in-house or by an external consulting firm or vendor.
The business intelligence platform is largely a cloud-based solution that is designed to help an organization achieve and sustain the goals of its digital transformation initiatives. A business intelligence platform can be used to store, organize and analyze data that allows organizations to access the insights they need to meet their business goals.
It can also be used as a tool for employees and stakeholders alike to obtain information about a company’s performance. A business BI platform is more than just an analytics tool.
In other words, you can use a business platform to enable collaboration between all parties in the organization as well as with external stakeholders such as customers, partners, suppliers and others.
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BI solutions have mostly focused on acquiring a wide array of data and reporting it to business analysts. However, there are some important changes that have been made in BI over the last 20 years.
As a result, now we can take advantage of modern BI tools. Business intelligence in this era is enabled by AI and machine learning. In addition, here is some evolution and development era of business intelligence.
The first era of business intelligence was started with the IT department as the controller of all enterprise data. They began to introduce a technique of combining data from multiple systems into a single database. Thus, they call the process as extract, transform and load (ETL). In addition, the company could use the data to be analyzed. IT staff would ask the questions on behalf of the customers.
After that, IT staff delivered a report to business owners. The process could take days or weeks, based on the capacity of its staff. Also, the process was too long and inefficient for the customers.
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After the computer development era, business intelligence systems were also developed faster. Business users are authorized to use BI tools to access the entire data. These tools allow business analysts to perform ad-hoc analysis of the data sources.
They enable data analysts to easily sort through large amounts of data to find patterns quickly. They replace the rows and also columns that are part of traditional data presentation tools with images and charts that visually represent the data.
As a result, the transformation of business analysts from the old system of Extract, Transform and Load (ETL) was very successful. This revolution has accelerated the speed at which companies can analyze data. It will enable the company to make a faster decision. So, they can catch up and compete with the competitors.
It’s like modern BI is becoming art and science at the same time. Key indicators become easier to see for employees, their stakeholders, as well as the entire organization. It was logical that many BI vendors would start offering these latest data analytics and visualization capabilities in their portfolios.
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Similarly, data analysis and visualization platforms have been rapidly pushed by all users to provide enterprise-level data services and functions. It includes data management and protection, as well as reporting capabilities.
Today, data scientists are responsible for turning massive amounts of data into insights that impact the business. This era is called the augmented analytics era.
We are moving away from self-service analytics and towards automation. So, this is what we call augmented analytics.
Latest BI systems are designed to help organizations generate insights that will allow them to improve their performance. Augmented analytics can reduce the need for data scientists by automating the process of generating insights.
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In addition, we use machine learning and other advanced analytics techniques. Some popular business intelligence (BI) platforms also provide tools that allow organizations to automate the process of preparing large data sets. They also enable them to detect patterns and anomalies in the big data. Some BI platforms are able to perform analyses, and even generate insights.
Getting the right tools and software to run your business is important. One of the growing business intelligence platforms at the moment is Yellowfin. Here is more information about Yellowfin.
Yellowfin self-service BI tools allow anyone from experienced data analysts to non-technical business users to easily analyze data. Use the latest report builder or guided Natural Language Query (NLQ) to easily ask questions from a variety of different types of data sources and get the answers you’re looking for.
Yellowfin’s NLQ makes it easy for any user to analyze the data. Combined with the insights, Yellowfin empowers all users to ask questions about their data.
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Yellowfin has many technological advantages. Yellowfin has been able to leverage great new technology to provide a very strong business intelligence platform. This platform was built to integrate data from various sources and make it easy for the user to access, analyze and act on the data.
The company has taken a very modern approach to integrating data into BI platforms by providing real-time analysis, reporting and visualization of the data in various formats. It includes reports, dashboards and visualizations. Furthermore, these are the reasons why you should choose Yellowfin as your business intelligence platform.
As I mentioned above, Yellowfin’s approach to BI is designed to help you do more with less. The result is that they have been able to keep their product very affordable. Many BI products are priced so high that they become unaffordable for many small and medium-sized businesses (SMBs).
The yellowfin platform is priced at a very reasonable price point, which means it is easy for SMBs to take advantage of the benefits offered by this product. And, because it was built on top of Microsoft technologies, the costs associated with operating the product are minimal.
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One of the things that makes Yellowfin stand out from other BI platforms is the fact that they have taken an active role in making sure their product is as up-to-date as possible. This means they are able to leverage modern technologies and add new features to their product at a much faster rate than most other BI vendors.
This is especially important when you consider that they are focused on helping you do more with less, which means you need to be able to take advantage of the latest technologies and features if you want to stay competitive. Yellowfin is committed to ensuring their product is always cutting edge so it can help you compete more effectively in your industry.
This is a big plus because, if you’re looking for a BI platform that will continue to grow with your business, then you want a vendor that’s committed to providing support for your ongoing projects. Yellowfin has ensured that their product will be updated with the latest technologies and can be customized to meet your needs.
Yellowfin has pricing and licensing available for small and medium-sized businesses. The Yellowfin platform is designed to be easy to use, so you don’t need a lot of skills to get started. Yellowfin also offers its product in a fully managed version as well as a hosted service.
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Yellowfin offers modern features such as drill down views of data, advanced dashboards and highly customizable dashboards, all of which are included in the price of the product. They also offer many tools to create interactive reports with a simple interface. More than that, the widgets and reports are very accessible. So, users can create powerful custom reports very quickly.
They offer mobile access to access your data from anywhere using a web browser or mobile phone. You can read more about these modern features in our Yellowfin Technical Overview article on Modern Features in the Yellowfin Business Intelligence Platform.
Business intelligence platforms are essential tools for analysts and managers who need to make quick and accurate decisions. Their history and development provides a valuable perspective on how they work and how they can be used to improve your business.
At Yellowfin, we are passionate about helping our clients use BI platforms to their fullest potential. We also provide the best support possible so you can get the most out of your BI platform.
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You no longer have to sacrifice quality or efficiency when using a BI platform – Yellowfin has the perfect solution for you.
The Flavfin analytics platform is known for its ease of use, in addition to providing ongoing support and scalability for any company. If
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