BI systems allow organizations to gather, store, translate, access and analyze business data – which in turn helps make decisions and promotes an effective, high-quality organizational culture.
These systems promote business intelligence in many areas, including:
- Performance indicators for various business units, versus current plans and former periods
- Client analysis and product profitability
- Statistical analysis
- Inventory and supply chain analysis
- And more
Most companies accumulate large amounts of data via ERP systems, Excel sheets and various online systems. The amount of data and variety of data sources make it difficult to retrieve data for analysis. A BI system provides instant data access, while unifying and transforming data into knowledge that supports decision making.
A BI program that is built correctly is able to extract valuable information from the organization’s raw data. This process produces various business insights and improves reaction times and decision making. A quality system such as QlikView utilizes a myriad of analyzing tools such as statistics and smart data extraction to locate business insight and call to action.
One of the challenges experienced by modern organizations is Big Data, which is caused by an enormous scope of data that is gathered and cannot be analyzed without the designated tools. Data processing and its transformation into meaningful, manageable knowledge is the core essence of Business Intelligence.
The QlikView platform is one of the most advanced BI systems in the world, both in terms of technology and growth rate. The program allows to establish a database compiled from all the data which has been defined as essential to a specific process. This database is created within a data cloud that contains logic connections in accordance with the organization’s culture, which endows users at various levels – top level managers, analysts and unskilled users – with an advanced data analysis ability.