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Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions.
The best workflow management software to boost your team's efficiency are as follow: 1. monday.com 2. Hive 3. Kissflow 4. Wrike 5. Clarizen 6. ProcessMaker 7. ProWorkflow.
BI reaches beyond the scope of data collection and crunching, to identify the companies which can benefit from big data and data mining. BI includes the business processes and data analysis techniques which help collating enterprise data.
goalsDescriptive analysisMaking use of preliminary data analysis to learn what happenedStatistical analysisMaking use of results from descriptive analysis to further explore the data using statistics like how a particular trend occurredData visualization and analysisConverting data analysis in the chart
Read MorePredictive analysis is an advanced branch of analytics. Business enterprises generate a large amount of data, some of which are structured while most are unstructured.
Read MoreImproving performance gapsOptimizing performance is one of the primary functions of these systems employed by businesses and enterprises. The systems identify any gaps in the processes in place to facilitate various business needs and carry out allied tasks.
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With all strategic decision-making processes revolving around data, the importance of data management cannot be a low priority. Today, the performance of a business relies heavily on how organizations collect and store critical data.
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