What Is Business Intelligence

business intelligenceMagento advanced reporting and business intelligence tools give you the insight you need to make sound business decisions. Effective root cause analysis of customer feedback relies on the organization collecting the relevant data to ensure meaningful insights can be extracted from it. Therefore the feedback provided must be recorded effectively and analyzed promptly to implement corrective actions.business intelligence

Business Intelligence consists more as User Interface Dashboards to carry out the analysis and operations whereas Business Analytics has a lot of tools to work upon and that also needs some software application knowledge to carry out the tasks to be done.

Your entire business intelligence department seeks to explore data to bring great value to your company, but you still have to deal with complex solutions and have to rely on your IT team to integrate as well as manage various tools in order to have all you need.

In many cases it’s the HR data that will be the last to get pulled into a data warehouse because of the sensitive nature of the data but once you start to manage this data effectively, you can see at a glance things like retention, absentees and where people are struggling and this information can prove invaluable when it comes to the effective management of your business.

Business Intelligence gives insights or information about the data itself rather than making extra transformations or conversions to give data insights and on the other side Business Analytics involves the way of problem-solving by enabling the technologies by transforming the raw form of data into a meaningful way to convey the solution in an easy way.