Explore the data, draw inferences, and make conclusions about why a problem may have occurred. Drill deeply into data to see the context of a problem and discover its root case. Diagnostic Discovers why something has happened. Automatic alerts can be set to let you know when a particular issue occurs again. See what has happened, when it happened, and drill down to greater detail. Descriptive Describes your business situation as it currently exists. So, you d begin with Diagnostic and build your BI up to Predictive. For example: Before you can predict business performance, your organization will wish to first clearly understand the underlying patterns and root causes. Note that the types of analytics follow an evolutionary hierarchy, so plan to build intelligence as insight is unearthed and shared. Ready to see how you can capture a 13:1 ROI on BI?ĥ WHAT KINDS OF INSIGHT ARE POSSIBLE? By understanding the range of analytics capable through business intelligence, you can quickly zero in on the type of insight you desire, and which type of analytics will deliver what you most urgently need.
AMERICAN FAMILY BUSINESS INTELLIGENCE APPLICATION HOW TO
Afterwards, we ll hook you up with a Vendor Comparison Guide that shows you how to best compare possible BI solutions, and select a vendor and plan that s right for you. We want to help bring you up to speed quickly about what s possible with BI today, what sort of solutions are available, and clue you into some key terms you re going to run across. We begin with insight so you can see results faster like this BI 101 guide.
Why do you need to get up to speed on BI? A recent Nucleus Group study showed that organizations that implement business intelligence see up to a 13:1 ROI, making BI one of the best investments you can make.Ĥ The good news is that GoodData starts with insight, so you can end with results. 8ģ introduction Ever know you need something, but not how to get it? With a partner who is expert in advanced analytics and BI technologies, methodologies and best practices you can quickly learn. Types of Analytics Types of BI Solutions BI Terminology. No problem this handy introduction to BI will bring you up to speed on the concepts and definitions you ll want to know before you spend any of your valuable time evaluating vendors to choose the provider and route to business insight that s best for your group. 2 Hi There! Before choosing a (BI) partner, you ll want to understand the essentials about BI including the various categories of analytics, what sort of insight is possible, which types of solutions are available, and key terminology.
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