Monday, January 22, 2018

What is Business Intelligence (BI)

A tool (or a set tools) that can be used to find patterns or actionable insights from data ( or from large volume of data). The tool extracts, analyses, discovers and transforms the data into insights and present the insights to user in report or dashboard format. The reports & dashboard can be a combination of both table and or charts.

There are dozens of vendors offering BI tools (for example Tableau, Power BI, Qlik etc).

Gartner Magic Quadrant Report Feb 2017

Though, as per Gartner Magic Quadrant report, Tableau & Power BI are at the same level. But Personally I prefer Power BI over Tableau.

What are the benefits of Business Intelligence (BI)

The BI tool provides the hidden insights from data. And the user can use these insights to make better & faster decisions, increase operational efficiency, identify the market trend.