Business Intelligence History – Business intelligence (BI) is the ability to view and analyze data for actionable insights, but this ability is not always accessible. The BI tools and platforms developed in the early days were very different from today’s modern analytics capabilities.
In this article, we will discuss the history of business intelligence platforms in more detail. We will begin by defining business intelligence and its scope.
Business Intelligence History
Business Intelligence (BI) is a set of technologies used to solve specific business problems. Business intelligence tools are typically designed to be a combination of real-time embedded analytics, analytics platform capabilities, and rich data visualization functionality.
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These include reporting tools, statistical analysis tools, database management systems, and data mining applications. BI is typically implemented as a standalone technology within a company or by a third-party consulting firm or vendor.
A business intelligence platform is essentially a cloud-based solution designed to help an organization achieve and sustain the goals of its digital transformation initiatives. A business intelligence platform can be used to store, organize, and analyze data, allowing organizations to access the information they need to achieve their business goals.
It can also be used as a tool for employees and stakeholders to gain insight into a company’s performance. A business intelligence platform is more than just an analytics tool.
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In other words, you can use the business platform to enable collaboration with all parties within the organization, as well as customers, partners, suppliers, and others.
BI solutions mainly focus on collecting a wide range of data and communicating it to business analysts. However, BI has seen some significant changes over the past 20 years.
As a result, we can now take advantage of modern BI tools. Business intelligence in this era is available for artificial intelligence and machine learning. Also, here are some steps in the development and evolution of business intelligence.
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The first era of business intelligence began with the IT department managing all corporate data. They started implementing the method of integrating data from multiple systems into one database. Thus, they call the process Extract, Transform and Load (ETL). In addition, the Company may use the data for analysis. IT staff will make requests on behalf of clients.
The IT staff then presented the report to the organization owners. The process may take several days or weeks depending on the qualifications of the employees. Also, the process is time-consuming and inefficient for customers.
After the age of computers, business intelligence systems also developed rapidly. Business users can use BI tools to access all the data. These tools allow business analysts to perform ad hoc analysis from data sources.
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They allow data analysts to easily sort through large amounts of data and quickly find patterns. They replace the rows and columns that are part of traditional data presentation tools with pictures and charts that visually represent data.
As a result, the transition of business analysts from the old extract, transform and load (ETL) system has been very successful. This revolution accelerated the speed at which companies could analyze data. The company can make decisions quickly. Thus, they can catch up and compete with competitors.
As modern BI becomes art and science at the same time. KPIs are more understandable to employees, their stakeholders and the entire organization. It makes sense that many BI vendors are starting to offer these latest data analysis and visualization capabilities in their portfolios.
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As such, data analysis and visualization platforms are rapidly advancing to provide enterprise-grade data services and features to all users. This includes data management and protection, and reporting capabilities.
Nowadays, data scientists are responsible for turning large amounts of data into business-impacting insights. This era is called Augmented Analytics.
We are moving from self-service analytics to automation. So, this is what we call advanced analytics.
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The latest business intelligence systems are designed to help organizations generate information that can help them increase their productivity. Advanced analytics can reduce the need for data scientists by automating the data collection process.
In addition, we use machine learning and other advanced analytics techniques. Some popular business intelligence (BI) platforms also provide tools that allow organizations to automate the process of preparing large data sets. They also allow them to spot patterns and anomalies in big data. Some BI platforms can perform analytics and generate insights.
Getting the right tools and software is essential to running a business. Currently, Yellowfin is one of the growing business intelligence platforms. Here is more information about Yellowfin.
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Yellowfins self-service BI tools make it easy for anyone from experienced data analysts to non-technical business users to analyze data. Use the latest Report Designer or Managed Natural Language Query (NLQ) to easily ask questions from multiple data sources and get the answers you need.
Yellowfin’s NLQ makes it easy for anyone to analyze data. Integrating with analytics data, Yellowfin allows all users to ask questions about their data.
Yellowf has many technical advantages. Yellowf has been able to use some great new technologies to create a very powerful business intelligence platform. This platform was created to integrate data from different sources and make it easy for the user to access, analyze and act on the data.
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The company has adopted a very modern approach to integrating data into BI platforms and providing real-time analysis, reporting and data visualization in various formats. These include reports, dashboards, and visualizations. And these are the reasons why you should choose Yellowfin as your business intelligence platform.
As I mentioned above, Yellowfin’s approach to business intelligence is designed to help you do more with less. As a result, they were able to make their product very affordable. The cost of many BI products is too high for many small and medium-sized businesses (SMBs).
The Yellowfin platform is very reasonably priced, which means SMBs can easily take advantage of the benefits this product offers. As it is based on Microsoft technology, it has very low running costs.
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One thing that sets Yellowfin apart from other BI platforms is that they actively engage in making sure their product is as up-to-date as possible. This means they can use modern technology and add new features to their product much faster than most other BI vendors.
This is especially important when you consider that they focus on helping you do more with less, which means you need to be able to take advantage of the latest technologies and features if you want to stay competitive. Yellowfin is committed to ensuring their product is always cutting edge to help you compete more effectively in your industry.
This is a big plus because if you’re looking for a BI platform that will continue to grow with your business, you’ll want a vendor that’s ready to support your ongoing projects. Yellowfin has ensured that their products are up-to-date with the latest technology and can be customized as per your needs.
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Yellowf is priced and licensed for small and medium businesses. The Yellowfin platform is easy to use, so you don’t need a lot of skills to get started. Yellowfin offers its product in fully managed version and hosted service.
Yellowfin offers cutting-edge features like granular data views, advanced dashboards and customizable dashboards, all of which are included in the price of the product. They also offer several interactive reporting tools with a simple interface. What’s more, the widgets and reports are very accessible. Therefore, users can create powerful custom reports very quickly.
They offer mobile access to access your data from anywhere via a web browser or mobile device. You can read more about these cutting-edge features in our Yellowfin technical overview article on the cutting-edge features of the Yellowfin business intelligence platform.
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Business intelligence platforms are essential tools for analysts and managers who need to make quick and accurate decisions. Their history and evolution provides valuable insight into how they work and how you can use them to improve your business.
At Yellowfin, we are committed to helping our clients get the most out of their BI platforms. We also provide the best possible support so you can get the most out of your BI platform.
You no longer have to sacrifice quality or efficiency when using a BI platform – Yellowfin has the perfect solution for you.
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The Yellowfin Analytics platform is known for its ease of use, as well as ongoing support and scalability for any company. If
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