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What is a business intelligence system? What are the parts?


 

Business Intelligence BI system is a complete solution that extracts data from various business systems of an enterprise (including ERP, CRM, OA, BPM, etc., self-developed business system software), extracts useful data for integrated cleaning, analyzes and processes the data while ensuring its accuracy, and performs it quickly with appropriate query and analysis tools.

Business intelligence is not simply a data tool, but a complete solution from data integration and analysis to decision support.

The following is an example of Smartbi, which introduces the three core functional applications of the business intelligence bi system.

1. Business intelligence bi - the three main components of data reporting:

Reporting is the basic measure and way of enterprise management, the basic business requirement of enterprises, and the basis for achieving BI strategy. Reports help companies access data, format data, and provide data information to users in a reliable and secure manner. The typical presentation of reports uses graphical visualizations such as bar charts, pie charts, line graphs, 2D tables, etc. to present the daily business data (financial, supply chain, people, operations, etc.) of an enterprise and then filter, connect, jump, drill, etc. through different dimensions (data viewing perspectives) to view various analytical metrics.

This level of report analysis is a display of the daily operation and business situation of the enterprise, which allows the report user to have a clear, direct and accurate understanding of the daily business, and secondly, the summary analysis and charting work can be done manually through EXCEL and through various functions. For example, the finance department will be interested in this year's operating income, target completion rate, operating profit margin, return on net assets, etc. The sales department will be interested in sales amount, order quantity, gross profit of sales, exchange rate, etc. The purchasing department will be interested in purchase receipt amounts, returns, accounts payable, etc.

At this stage, the value of the system seems to be very limited. The role of the data is just another interpretation of the business from a visual perspective, and users are only passively receiving the information delivered by the visual reports.

2. The three major components of business intelligence bi - data analysis:

Data analysis refers to the process of using appropriate statistical analysis methods to analyze the large amount of data collected, extract useful information, form conclusions, and study and summarize the data in detail. Data analysis can be divided into descriptive statistical analysis, navigational data analysis, and validation data analysis. smartbi's bi tools for enterprise-level data analysis enable companies to quickly build large-scale integrated data analysis platforms and provide visualization solutions with personality.

Business intelligence BI visualizes many business operations through a layer of reports that enable users to visually view data beyond their experience. The value of BI in business intelligence here is to purposefully analyze this anomalous data and explore possible causes through correlated dimensions, metrics using drill-downs, correlations, etc.

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