Business intelligence tools analyze large data sets to identify patterns and trends. There are three types of tools: data mining, data architecture, and query development. These tools require data handling, intermediate computer skills, and statistical training. Business intelligence systems are integrated into ERP systems or standalone applications. A well-designed data architecture is essential for expanding capacity. Trained personnel with postsecondary education in statistics or mathematics are required. Continuing education is necessary due to the constant evolution of business intelligence products.
Business intelligence tools are software programs and features used to complete detailed data analysis. The term “business intelligence” is used to describe computer software used to identify patterns and trends in large data sets. There is a range of business intelligence tools available in the commercial software market and selecting the correct solution requires a good understanding of reporting requirements and long-term business needs.
There are three types of business intelligence tools: data mining, data architecture, and query development. All four types of tools are included as standard features in most business intelligence software products. Skills required to effectively use these tools include data handling, intermediate computer skills, and previous statistical training. Business intelligence is an area that has experienced growth and is expected to continue to grow.
Business intelligence systems are integrated into an enterprise resource planning (ERP) system or function as standalone computer applications. To use business intelligence software, transactional system data must be made available to the software. This is typically achieved through the use of an extract, transform, and load (ETL) tool, which is programmed to select data that matches specific criteria and ensure data consistency before loading it into the business intelligence solution.
Data architecture is the process of designing internal tables and data structures. This is one of the most important tools, because a well-designed system can expand capacity and grow to meet changing needs. A user interface provides the architect with the tools needed to create and maintain these tables.
The purpose of business intelligence tools is to enable a variety of forms of analysis that would otherwise not be possible. Options include ad hoc, scheduled and standard reporting across a range of disciplines. The functionality required to create these reports is an essential part of the application. Query development requires a combination of technical skills and a solid understanding of business processes.
The best tools are useful only in the hands of trained personnel. Primary requirements for a business intelligence position include postsecondary education in statistics, advanced mathematics, or computer systems. Many employers expect a degree in statistics or mathematics for management roles.
Business intelligence products are constantly evolving and a commitment to continuing education is required to be successful in this type of work. An employee can keep their skills up to date through online courses, seminars and discussions. These skills can be used to evaluate the merits and potential applications of business intelligence tools.
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