What is BI software?
Business intelligence software or BI software is a technology-based process for analyzing data and providing actionable information that helps managers and organization personnel to make informed business decisions. As part of the BI process, organizations collect data from internal IT systems and external sources and prepare it for analysis, then build BI dashboards and reports to make the analysis results available to business users for operational decision making (manufacturing and strategic planning).
How does business intelligence software (BI software) work?
Business intelligence software architecture includes more than just BI software. Business intelligence data is typically stored in a data warehouse built for the entire organization or in a smaller data warehouse that contains a subset of business information for different departments and business units, often linked to an enterprise data warehouse.
Additionally, data lakes based on Hadoop clusters or other big data systems are increasingly used as repositories or landing bases for BI and analytics data (especially for log files), sensor data, text, and other types of unstructured or semi-structured data. can be
BI data can include historical information and real-time data collected from source systems during production, enabling BI tools to support strategic and tactical decision-making processes. Before being used in BI applications, raw data from different source systems typically must be consolidated and cleaned using data integration and data quality management tools to ensure that BI teams and business users are analyzing accurate and consistent information.
Steps in BI software processes include the following:
- Data preparation
- Analytical query of the prepared data
- Distribution of key performance indicators (KPI) and other findings to business users
- Using information to help influence and drive business decisions
Initially, BI tools were primarily used by BI and IT professionals who produced management dashboards and reports for business users. Today, thanks to the development of self-service business intelligence and data discovery tools, analysts, managers and personnel are increasingly using their business intelligence operating systems.
Self-service BI environments enable business users to query BI data, create data visualizations, and customize dashboards.
Ilia ERP Corporation has taken an important step in securing the privacy of its users by receiving software security evaluation and validation license (AFTA license).
Why is business intelligence software important?
In general, the role of business intelligence is to improve the business functions of the organization through the use of relevant data. Companies that effectively use BI tools and techniques, are able to turn their collected data into valuable insights into their business trends and strategies. Such insight can then be used to make better business decisions that increase productivity, revenue, and accelerate business growth and profits.What are the benefits of business intelligence software?
A business intelligence software or BI software creates various business benefits in an organization. For example, BI enables C-suite executives and department managers to continuously monitor business performance so that they can act quickly when problems or opportunities arise.
Analyzing customer data helps in marketing, sales and customer service efficiency. Bottlenecks in the supply chain, production and distribution can be identified before they cause financial damage. HR managers can better monitor employee productivity, labor costs, and other workforce data.
In general, the main benefits of business intelligence software can include the following:
- Accelerating and improving decision-making
- Optimizing internal business processes
- Increase operational efficiency
- Solving point business problems
- Identify emerging business and market trends
- Develop stronger business strategies
- Higher sales and new revenue
- Superiority over competing companies
Business intelligence (BI) also brings other business benefits, including:
It helps the project manager in tracking the status of business projects and organizations in collecting competitive information from their competitors. In addition to BI data management, and IT teams leverage business intelligence. Also use it to analyze various aspects of technology and operations.
Focus ERP business intelligence software
Focus ERP software is equipped with powerful business intelligence in ERP systems that enables users to gain the necessary insight and make quick and important decisions based on accurate data. Business intelligence software allows users to analyze data through the methods designed in the system and even modify it if needed. Users can cut data and perform multi-level classification (Multi Filter) to evaluate different criteria for complete analysis of business data.
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In the Focus ERP business intelligence software, the following can be easily done by default:
Ability to define and track defined KPIs
The possibility of classifying the standardized intervals and comparing the real information of the organization with the standard intervals
The ability to provide REAL-TIME data from the comprehensive ERP system to managers and users
Ability to display trends based on recorded information and reports
Having real long-term information to make real-time decisions
Ability to identify process bottlenecks
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ERP software equipped with BI (Business Intelligence) also allows users to measure, monitor and track every function, entity and business process. For example, managers and business owners have the possibility to analyze sales performance of salespeople, or monitor sales through its different stages.
We at Ilia have created the ability to support this software with maximum reliability by the technical team within the company by providing a valid license in the name of your organization from Focus Company and by institutionalizing the technical knowledge of this software in our company.
Advantages of Focus ERP BI software
Advanced reporter
A powerful report builder allows you to create custom reports with various metrics. You can use the previous report writing feature to save your time. You can use this feature to create custom reports that suit your reporting needs and all your business needs.
Compatibility with iOS and Android for quick alerts, notifications and active process management options, iOS and Android users can easily access this module without any problems.
KPI definitions and intelligent data analysis
User-defined KPIs that can be embedded in BI for fast and intelligent data analysis. Also, the capabilities of KPI Definitions and Smart Data Analysis can help the decision maker to use the full potential of the metrics.
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