The term business intelligence is a broad term with many interpretations, specialties, and technologies. At the core of it all, business intelligence uses technology to turn data into something actionable, by giving insight and direction that can be used to inform key business decisions.
It allows companies to see trends, patterns, opportunities for growth, and also areas that need attention. The better your business knows where it is now, the better it can forecast where it needs to be.
IMAGE: PEXELS
This information can be processed in many ways. Reports and summaries are good – but charts and graphs from interactive dashboards can deliver so much more.
Specific business intelligence technologies include:
- Ad hoc analysis
- Data querying & discovery
- Data warehousing
- Enterprise reporting
- Online analytical processing
- Data visualization dashboards
- Performance scorecards
By making sure your organization is adept at running these processes or performing these tasks, it will make sure you have the ability to make the most of the Business Intelligence platform you’re using.
The data used in business intelligence tools can include both legacy and newly gathered data obtained from a range of sources. Business intelligence then combines this data into a broad set of data analysis applications and functions.
Business Intelligence also encompasses the multitude of methods for collecting, storing, and analyzing data to give a holistic picture of an enterprise. Increasingly, more companies are creating a multitude of new touchpoints to further understand the nuances of their business, this, in turn, requires a more advanced level of Business Intelligence software. Platforms like Brytlyt help these companies increase efficiency, productivity, and ultimately, profit.
By giving insight and direction to key business decisions tools, Brytlyt’s platforms allow companies to see trends, patterns, areas of growth, and also areas that need attention. The better your business knows where it is now, the better it can forecast where it needs to be.
This information can be processed in many ways; that’s where our analytics & visualization workbench comes into its own – meaning our clients can generate smarter intelligence, with astonishing speed.
How Advanced BI & Analytics Can Help Your Business
The latest wave of GPU powered Business Intelligence tools use AI to take in huge amounts of data and break it down into individual insights. This means it can then be analyzed and potentially actioned into a business decision.
It allows companies to see patterns, trends, areas of growth, and also areas of weakness and vulnerability. The better your business knows where it is now, the better it can forecast where it needs to be. For example, AI-powered Business Intelligence tools allow manufacturers to predict and react to supply chain problems, production challenges, and equipment performance before there is an issue.
To some extent, organizations have always been able to process and understand their data retrospectively, but Brylyt gives users the power to make decisions in real-time.
Since the industrial revolution, technology adoption has long been the single greatest driver in making manufacturing more efficient, faster, and cheaper. Whilst enterprises have routinely continued to invest in tech to drive up growth and profits, the global pandemic has sped up this trend exponentially by highlighting the inherent vulnerabilities of the manufacturing industry when confronted with an unexpected disruption to human labor.
Brytlyt systems deliver the agility required to be ahead of the curve and the competition. By understanding the importance of data-driven businesses, we help our clients find meaning in their data with rapidly accelerated analytics.
Over the past few years, BI (Business Intelligence) has been rapidly gaining momentum in becoming one of the most important factors for business growth; shifting many businesses to focus on data-led decision making.
Various Business Intelligence and analytics tools are already being used across a variety of industries, including telecoms, pharmaceuticals, defense, logistics, insurance, financial services, and far beyond.
Broadly speaking, the demand for cloud and AI-enabled Business Intelligence tools is expected to continue to grow for the foreseeable future, as working from home will continue to be in place, even as the pandemic begins to subside. Regardless of the working environment, the benefits of Business Intelligence that help businesses to stay ahead of the competition, predict market movements, and streamline services, will be hard to ignore and stakeholders should certainly consider stepping up their focus on digital and market intelligence strategies.
Who Uses Brytlyt’s BI & Analytics Systems?
Over the past few decades, organizations that have experienced the highest levels of growth have invariably owed their success to leveraging their well-developed data architecture and digital infrastructure.
Our Business Intelligence systems are used in a variety of big data applications at the very cutting edge of the transformational analytics revolution, including Machine Learning, Deep Learning & Advanced Data Science.
Over the next few years, the vast majority of organizations are expected to have (or be swiftly moving towards) cloud-based BI & Analytics systems to meet their data, infrastructure, and software needs. The ability to scale up as an organization’s growth demands makes a good business case for itself and an increasingly appealing proposition for enterprises of all sizes.
Brytlyt For Your Business
Well-run organizations have always been able to process and understand their data to some extent, however, historically, this has always been more retrospective. Brylyt gives users the power to make decisions in real-time, delivering the agility required to be ahead of the curve and the competition.
Our GPU-accelerated systems take entire datasets in, enabling users to instantly interactively visualize, query, and power data workflows over billions of lines of data.
Can This Integrate With My Existing Business Infrastructure?
Instead of overhauling existing systems, our platform can be easily integrated into most business environments. Brytlyt is the future-proofed approach to data processing and analytics.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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