Business Intelligence navigation panels are about the information management and data visualisation solutions used for data analysis. They allow you to use interactive elements, such as filters and actions to combine charts, graphs and reports on a single screen to provide overviews of the data over time.
Business analysis is inseparable from change within an organisation. An organisation can be either a company, a foundation, a budgetary unit or any other entity that meets the definition of a group of people with a specific structure, aiming to achieve a specific objective.
Transforming data allows you to input data (often in different formats) to be adjusted into a single, consistent format to provide accurate insights and ensure that smart systems work accurately. Organisations need to collect data and combine it from multiple sources, and to ensure the quality of the integrated data is high, to give the organisation an additional advantage.
This refers to the classification, recording and organising of the snippets of data and information that we have collected within our organisation - this allows you to organise the data in a way that is clear to you. The data systematisation system has a direct impact on the reduction of working time spent on data searching and exploration.
According to the definition, Business Intelligence (BI), or business analysis, is the process of transforming the available data into information, and this in turn into precise knowledge. This has the effect of speeding up the company's decision-making process, hence increasing work efficiency and profits.
These are needed to create analyses at different levels of the organisation, guaranteeing transparent data on the effectiveness of the departments working within the company. Apart from gathering information and assisting in its reading, analytical tools also allow knowledge to be acquired about any sphere of the organisation that currently requires improvement, which results in the company's business development.
This is a place to store structured and unstructured data, allowing large amounts of highly variable data from different sources to be organised, saving time and systematising work within the organisation.
A data warehouse is a type of data management system that makes it possible to support business analysis activities (business intelligence, BI), especially analytics. Data warehouses are also designed to handle queries and perform analyses, so they often contain large amounts of historical data.
Big data refers to data sets that are so large and complex that they require new technologies, such as artificial intelligence, to process. The data comes from a number of different sources. In many cases it is the same type of data, such as GPS data from millions of mobile phones being used to avoid traffic jams.
The reduction in the chain of activities within an organisation and the time this saves are key to proper financial savings. Resources saved by automating certain processes can be used in other areas of the company, thus increasing the company's growth rate, leading to higher profits.
ETL are tools that support the data acquisition processes for databases. This includes data warehouses, which are an integral part of Business Intelligence processes. ETL tools have the role of acquiring data from external sources, and the subsequent stage is to transform the data before loading it into a database.
KPIs enable us to create performance measurements and also facilitate the development of incentive systems within an organisation. The collected assessments of the achieved levels of individual performance indicators should form our final results, which should be linked directly to the remuneration/reward system and be reflected in the level of employee satisfaction. These quantitative indicators are expressed in numbers, and they are a directional indicator to assess whether an organisational entity or company is making progress or is in some kind of stagnation or degradation mode.
KPIs in business management are used to indicate the current state of the business and to set objectives, which means that if you need to know exactly how efficient your work is, then KPIs form an essential part of your organisation's Business Intelligence.
Online Analytical Processing, or “OLAP”, is a technology used to organise business databases larger than standard and to support business analytics. OLAP databases are divided into one or more modules, each of which is designed and organised by the module maker to be suitable for downloading and analysing data. OLAP facilitates the creation and use of reports in the form of pivot tables as well as reports in the form of simple tables or pivot charts, which you need in the management of your company.
