![]() ![]() Visualisation: The presentation of data is vital when it comes to reporting.Connectivity: Feeding data into your BI system is crucial in order to stay up to date and ensure accuracy.There are a number of essential requirements for an efficient BI strategy in 2022 and beyond, including: Data, workflows, and collaboration are intersecting, and whether it’s adjusting supply chains or deciding which product lines to focus on, it’s clear that intuition is nothing without data-based insight. Whilst BI tools can analyse and convert business data into presentable and analytical formats like reports and dashboards, Business Performance Management complements this with actionable insights, making a hybrid of the two an optimal solution.īusiness intelligence fits with digital transformation efforts across a wide variety of industries. According to Forbes, 54% of enterprises say cloud Business Intelligence (BI) is either “critical or very important to their current and future strategies.” 1 BI’s importance fundamentally boils down to the fact that it makes data-driven decision-making a tangible reality.
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