Sunday, July 9, 2017

Business Intelligence a new way of Decision Making...


       Project Development is a critical topic in the business world and it gone so serious with the evolution of technology. Many Project Manager believes that technology will play a vital role in making a project successful that is why many of the project developers now used Business Intelligence software to help them decide in doing a project. But what is a Business Intelligence Software really is?

          According to http://www.cio.com ; Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization’s raw data. BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting. Companies use BI to improve decision making, cut costs and identify new business opportunities. BI is more than just corporate reporting and more than a set of tools to coax data out of enterprise systems. CIOs use BI to identify inefficient business processes that are ripe for re-engineering.

          In addition, as Decision Making goes to be a big matter in the business world. Many software companies took the opportunity in developing Business Intelligence Software as it become more popular in today’s growing economy of the world. Here are some of the most popular Business Intelligence Software.

Microsoft Power BI 

https://powerbi.microsoft.com/en-us/


Power BI is a suite of business analytics tools that deliver insights throughout your organization. Connect to hundreds of data sources, simplify data prep, and drive ad hoc analysis. Produce beautiful reports, and then publish them for your organization to consume on the web and across mobile devices. Everyone can create personalized dashboards with a unique, 360-degree view of their business. And scale across the enterprise, with governance and security built-in.

Looker

https://looker.com/


Looker has harnessed the power of SQL to create a uniquely powerful data analytics platform that helps companies get real value from their data. Now anyone can ask sophisticated questions of the data using familiar business terms.

Define Metrics Once
 
Data analysts get knowledge of the data out of their heads and into LookML, Looker’s simple yet powerful data modeling language. Define business metrics (e.g. lifetime customer value, conversion rate) and explain how tables relate to each other once, and then let Looker write the right SQL to answer any data explorers' questions.

Make Data Beautiful and Meaningful
 
Visualizations help you tell a complete story with data. Create easy-to-read reports and beautiful dashboards that also allow users to drill in and keep exploring. Easily share data-rich visualizations anytime--from any device.

Leverage Today’s Technologies

Today’s databases query massive amounts of data with great ease. Because Looker connects directly to your database, you are able to truly leverage that power. No data to extract. No software to download. No limits on what you can explore.

Build a Data Culture
 
when the whole company has reliable, trustworthy answers--and analysts are no longer a bottleneck--everyone can answer their own questions and make more informed, data-driven decisions.

Tableau Desktop

https://www.tableau.com/products/desktop

Leave chart builders behind. Live visual analytics fuel unlimited data exploration. Interactive dashboards help you uncover hidden insights on the fly. Tableau harnesses people’s natural ability to spot visual patterns quickly, revealing everyday opportunities and eureka moments alike.
Connect to data on prem or in the cloud—whether it’s big data, a SQL database, a spreadsheet, or cloud apps like Google Analytics and Sales force. Access and combine disparate data without writing code. Power users can pivot, split, and manage metadata to optimize data sources. Analysis begins with data.

Exceptional analytics demand more than a pretty dashboard. Quickly build powerful calculations from existing data, drag and drop reference lines and forecasts, and review statistical summaries. Make your point with trend analyses, regressions, and correlations for tried and true statistical understanding. Ask new questions, spot trends, identify opportunities, and make data-driven decisions with confidence.

Answer the “where” as well as the “why.” Create interactive maps automatically. Built-in postal codes mean lightning-fast mapping for more than 50 countries worldwide. Use custom geo codes and territories for personalized regions, like sales areas. We designed Tableau maps specifically to help your data stand out.

Ditch the static slides for live stories that others can explore. Create a compelling narrative that empowers everyone you work with to ask their own questions, analyzing interactive visualizations with fresh data. Be part of a culture of data collaboration, extending the impact of your insights. 

SAP ERP

https://www.sap.com/products/enterprise-management-erp.html

What is the simplest ERP definition? Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system. But new ERP systems are anything but basic. They provide visibility, analytics, and efficiency across every aspect of a business. Using the latest technologies, ERP systems facilitate the flow of real-time information across departments, so businesses can make data-driven decisions and manage performance – live.
An ERP system is made up of enterprise resource planning applications that talk to each other and share a database. This means you can eliminate information silos between departments and give everyone a single source of truth. Your system can automate your core business processes and help you ensure regulatory compliance, reduce risk, fast-track reporting – and so much more.
So, If you are ready to make your own project for your company choose your BI Tool Now.

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