You’ve seen the amount of information that comes up with a simple search on Google, so you can just imagine how much raw data is generated on a daily basis. Dealing with all of this data to sift out what is relevant is a monumental task for businesses, which is why you need a platform to help with this.
Qlik® Analytics Platform is the solution!
As technology advances companies around the world are given more and more opportunity to integrate their data with cloud platforms that will help associate dimension in data models with one another. Qlik Sense is available in South Africa and is a perfect example of a tool that project managers and business leaders can use to discover connections between data reports that have been hidden in the past.
Your company may spend a lot of money on an efficient analytics tool, but what good is it if there is no one to interpret the data correctly? A great analytics tool does not magically make you an expert decision maker. With the volume of data available, even the best tools will not help the less competent people make the right decisions. Many companies have suffered unfortunate blows due to poor business decisions based on incorrect data interpretations.
Business intelligence is a software that has taken data, and turned it into fact-based insights that can be used to make effective business decisions, as opposed to relying on opinions and ideas. This is why you should care:
Business intelligence does four things
· Reporting – the software provides you with reports on past activity and data relating to your business.
· Analysing – business intelligent software analyses standard productivity software to anticipate future business performance in relation to a number of circumstances.
· Queries – this software enables the user to create customized data queries
2016 is fast approaching and it's bringing along a whole lot of changes to the business world. With technology continuously evolving and improving, the sky is the limit for where business intelligence is heading; however, we are able to foresee some of the major trends that will leading the business world and market tactics.
Here are 5 trends that will be leading the way in 2016:
Location Analytics
Location is a vital component of any business, especially when it comes to business location and marketing to new customers. This is why 2016 location tools will be very effective for companies when it comes to better business analytics.
Visual Data
Previously, business intelligence and big data were reserved for big companies with an even bigger budget. Luckily now, with new technology and software, business intelligence is available to small businesses as well on an affordable level.