What is business intelligence consulting

Business Intelligence & Analytics

If you are considering implementing a business intelligence tool, the first step is to understand the difference between classic business intelligence and analytics. Classic business intelligence only deals with past-based evaluations. In recent years, however, the demand for business intelligence has increased and data mining has come into play. The term analytics no longer just includes a look into the past, as was the case in the last few decades, but also forecasts into the future. The aim is to better understand the current situation in the company and to make reliable and sustainable statements.

Uniform database for the entire company

High quality data is the basis for successful decisions. Companies can only optimize internal processes in a meaningful way with detailed data analysis. Plan liquidity, Align products to customer requirements, make quick adjustments to market developments and make strategic investments.

Digitization results in rapidly growing amounts of data - for example the Internet of Things (IoT), Big Data or Cloud Computing - but it also brings new challenges for technologies and processes. Because data of all kinds is available in a structured and unstructured manner in systems such as enterprise resource planning, customer relationship management, supplier relationship management, e-commerce or human resource software, databases and in-house data warehouses. Merging these data silos without a complete solution and using the available information in the sense of a viable Basis for decision-making evaluating it is, if at all, only possible with immense effort. Without a BW system, companies will only ever see a part of reality and have to base their decisions on incomplete data.

Therefore, you should use a holistic and sustainable business intelligence tool in order to make a solid basis for successful decisions and sustainable statements. We at IBsolution are happy to support you in the implementation and implementation of your business intelligence and analytics project.