There are several definitions for Business Intelligence or BI. BI is about delivering appropriate and reliable information to the right people at the right time and the right place to achieve the goals better and make decisions faster. If you want to have efficient access to reliable, reasonable, and actionable data on demand, then BI might be right for your business.

Business intelligence (BI) includes the utilization, infrastructure, tools, and best practices that allow access and analysis of data to refine and optimize decisions and performance.

Companies want timely, well-informed, decision-making, in operational environments and in the corner officeno matter what their mix of principles, purposes, or infrastructure environments. A modular, scalable, standards-based business intelligence solution architecture can be easily deployed in any environment for delivering services across the organization.

Business intelligence enables data visualizations or graphical depictions that help people see and understand data quicker and more effectively. Interactive data visualizations support drilling down to explore details, recognize patterns and outliers, and change which data is processed and excluded. When data is visualized, its easier to identify new trends.

What are BI tools and Why use business intelligence tools?

Data discovery, which used to be restricted to the expertise of advanced analytics experts, is now something that everyone can do using BI tools. And not only that, these tools give you the insights you need to achieve things like growth, fix essential issues, collect all your data in one place, forecast future results, and so much more.

BI tools are used for many reasons, and when used accurately, can provide many benefits for business. Some anticipated benefits of BI are to drive quicker and better decisions, help identify potential areas of operational development, help recognize various types of trends within the markets, and help generate competitive benefits over other competitors whose information is bounded. All of these advantages can be identified on both the macro and micro level when properly followed with business objectives and systems organizations

Traditionally, BI tools focus on performing and interpreting old data from different types of systems stored in SQL databases, data warehouses, and other types of related data sources. With the rise of Big Data and NoSQL data sources, the amount of data has grown extensively, allowing more sophisticated analysis to take place quickly.

The most well-known types of business intelligence tool are: Dashboards, Data Mining, Visualizations, Reporting, ETL, OLAP, Predictive Analytics, Drill-Down etc.

Many organisations plan to use BI Tools which are: Tableau, Dundas BI, Microsoft Power BI, Qlik, Sisense, Information Builders WebFOCUS BI, Oracle BI, SAP BusinessObjects, MicroStrategy Analytics, SAS Business Intelligence etc.

Benefits of BI Tools

Business Intelligence and IT managers see their tools and platforms as a means of delivering faster and more accurate information to decision-makers. Quicker and accurate reporting, analysis and planning; better business decisions; improved employee satisfaction, and improved data quality tops the list. There are lots of types of different BI tools out there to examine and research with. The more instructed the user base becomes, the more comprehensive and compelling the advantages will be. BI is a versatile and great resource and can be useful in almost all industries.

The advantages achieved frequently by organizations include reducing costs, growing revenues, and decreasing IT headcount. With increasing efforts to monetize data by improving commercial offerings, we might see the expanded revenues outcome rising in number in the future.

Faster reporting, analysis or planning
Improved employee satisfaction
More accurate reporting, investigation or planning
Improved customer satisfaction
Better business decisions
Improved data quality
Increased revenues
Improved operational efficiency
Increased competitive advantage
Reduced costs
Saved headcount

AceTek Solutions is a Business Intelligence solutions provider and can help your business make better decisions by providing expert-level business intelligence (BI) services. Be it designing and implementing a BI solution from scratch or auditing and improving the already existing solution We have been rendering end-to-end business intelligence (BI) services that include consulting, implementation, data visualization and reporting, testing etc. to help businesses. AceTek Solutions team of Business Intelligence solution builds and enhances robust reporting platforms and Incorporates self-service capabilities to gather business intelligence from across the enterprise

Our clients tell us that our business intelligence solutions services works for them. We combine BI technical expertise with business domain expertise and use only proven open technologies to help businesses reap all the benefits from that is expected from Business Intelligence solutions such as reduction in costs and easy integration with other platforms and applications. If you are looking for business intelligence implementation and consulting assistance look no further, AceTek Solutions team of Business Intelligences solutions provider will be able to help you out.