When you drill down into any company, you’ll find that it focuses on two elements: making decisions and executing them. Sounds simple, doesn’t it? But it means that decision making based on facts is crucial for your success. So, what tools does your company use when making decisions? For many, the answer is just common sense and Excel. If so, there’s a lot of room for improvement. Which is where Business Intelligence (BI) comes into play.
What is Business Intelligence
It’s the art of combining and transforming data from multiple sources into meaningful insights in a repetitive, highly standardised way. This includes handling challenges such as data modelling, various levels of data quality, large data volumes, and unstructured data.
Why Business Intelligence?
The time of ‘one system fits all’ is long gone. Organisations prefer best-of-breed solutions in supporting parts of their business. Business Intelligence helps in maintaining a single source of truth over all knowledge domains.
The solution is Business Intelligence. BI combines everything into a single data model that represents your business processes and enforces your single version of the truth. The implementation is undertaken by highly specialised BI developers, who create a highly standardised data process that can handle large data volumes and complex logic daily. The company can then make decisions based on consistent and logical data from the data model, transforming decision making from common sense to data driven.
How can you implement Business Intelligence?
There are two main approaches to implementing BI: top-down or bottom-up. Both translate business requirements into a data model that answers your critical business questions.
For the best results, you need to be able to source the right data for your data model. This data is usually stored in a data warehouse where it is transformed, ready for use in validated reports.
How Cubis can help you with Business Intelligence?
Good question! Our strong background in data warehousing and long experience in establishing effective solutions, helps to implement BI across your company, while automizing repetitive work and ensuring high quality standards. This implementation even includes error logging, data quality reporting, auto-documentation, and more.