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Business intelligence (BI) software helps an organization make timely and reliable business decisions. It ensures timely, yet reliable information that the corporate can access to make insightful decisions by giving the ability to act in real time and evaluate information. The need for accurate and fast BI was crucial as organizations have to face challenges such as global competition, high customer expectations and tight margins.
Business Intelligence Tools For Enterprises
Some of the collaboration is still in traditional methods where it is difficult to make decisions because information is stored in separate databases and applications. The way an organization responds accurately and quickly in a technology-driven competitive market can be the difference between failure and success. There is no doubt that an organization has an advantage with useful BI software.
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Business intelligence technologies have many functions and applications that enable its performance such as reporting, dash and analysis. Reporting has a key function in BI; it is through reporting that corporate decision makers can support their work. It is through reporting that there is discovery of essential data patterns (analytics), which is another function of BI.
Online analytics processing, benchmarking, mining, business performance management, prescriptive and predictive analytics are some of the standard features of BI technologies. Basically, BI is an umbrella term that refers to best practices, tools and applications that are used to analyze and access data that can be used to improve or optimize business performance. It converts the raw data into relevant information, which in turn enables strategic and tactical insights into making effective decisions.
Now that you have an understanding of what BI and software is Business intelligence software in simple terms is a technological process that collects and processes data to obtain actionable information from it. With this, you can get the right and needed information in a fairly short period of time and pass it on to the right staff. The right information means the right decision.
In this way, the management provides reliable information that it can support with analyzes and figures. The BI tools have been available for quite some time, but it was only accessible to the large enterprises that had sufficient resources and infrastructure to implement the technology.
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However, thanks to the advances in technology through cloud computing, a small business can access BI at affordable rates. Some may think that small businesses may not require Business intelligence software, but it is a good option when thinking of expanding. It provides enough tools to help speed up data visualization, so the management can grow their operation in the business.
In order for any business to remain relevant in this competitive market, one must use fast and real-time integration of the Business Intelligence software. Most of the large organizations have moved their ways of operation to adapt modern BI technologies, and others are building the right software. Others still have the assumption that the BI software is complicated and not easy to use and most of the products in the market are adapted and designed to make it friendly for the business users.
Without knowing that BI systems are quickly adopted and usable even by non-techies. BI software is developed in a way to ease your decision making and ensure maximum profit.
The businesses that have incorporated this modern technology can thrive in all the challenges that may occur at any stage of their project to provide a smooth delivery. BI software enables SMEs to reduce the cost of operation in their business by identifying areas where there is a higher cost of expenses and finding means to cut them.
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Not only to reduce cost, but to recognize other methods of obtaining new revenues through their marketing campaign algorithm. The BI software enables businesses to be agile in their operations, which is the difference between running on losses or profits.
Without the business intelligence software, a company will spend enough time to implement decisions must cover all business aspects one by one to come up with a viable decision. That process is time-consuming, but with the use of business intelligence software, the speed of making a decision is shorter.
Business Intelligence (BI) software provides a range of benefits to organizations. It helps in data collection and analysis, making decision making more data-driven and informed. BI tools also provide real-time insights and help identify trends and patterns in data, leading to improved forecasting and planning. Additionally, BI software can improve collaboration and communication between team members, streamline processes and increase operational efficiency, and provide competitive advantage through data-driven strategies. Ultimately, BI software helps organizations make better business decisions and drive growth.
Here are the trending and top rated Business Intelligence Software for you to consider in your selection process:
What Is Business Intelligence?
Business intelligence technologies have many functions and applications that enable its performance such as reporting, dash and analysis. Online analytics processing, benchmarking, mining, business performance management, prescriptive and predictive analytics are some of the standard features of BI technologies.
BI software enables businesses to be agile in their operations and provides benefits such as enabling faster and more accurate reporting, analysis and planning, better business decisions, creates an environment with Increased business user satisfaction, improves decision-making speed, more accurate decision-making and many. more
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Oracle BI Enterprise Edition (sometimes simply called Oracle Business Intelligence) provides a full range of business intelligence capabilities that allow you to:
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Note that these areas of Oracle BI EE (ie, Analytics, Agents, Dashboards, etc) are sometimes referred to as Presentation Services.
You use the Oracle BI Presentation Catalog to store the objects, such as analyses, dashboards, and KPIs, that you and other users create with Oracle BI EE. Users have their own personal folder (My Folders) where they can save the objects they create. The objects in a personal folder can only be accessed by the user who created and saved the content in that folder. Users can add subfolders to their personal folders to organize their content in the most logical way for them.
You can also store objects in shared folders where other users or groups can access the objects. A combination of business logic security, catalog object security, and data level security determines who can view data and objects, edit objects, and delete objects from the catalog. Your administrator creates and maintains the catalog’s shared directory.
For more information, see “What is the Oracle BI Presentation Catalog?” and “Managing Objects in the Oracle BI Presentation Catalog.” For information about configuring the catalog, see “Configuring and Managing the Oracle BI Presentation Catalog” in Oracle Fusion Middleware System Administrator’s Guide for Oracle Business Intelligence Enterprise Edition.
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To access Oracle BI EE, you use a URL, user ID, and password provided by your organization.
Oracle BI EE requires the browser to be configured to accept cookies. It uses a cookie to track a user’s logged in session.
You may not be prompted to enter values in all fields on the Sign In page (as described in the following procedure) if you have already signed in with single sign-on (SSO).
After logging in to Oracle BI EE (as described in “Logging in to Oracle BI Enterprise Edition”), you are presented with one of the following pages, depending on what has been configured for you:
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This page is your starting point for working in Oracle BI EE. As you work, you can use the global header and the Home Page as the primary ways to navigate Oracle BI EE:
Once you’ve accessed the starting point of a task, the interface then presents you with the page, dialog, or editor you use to complete the task.
It is recommended that you do not use the browser’s Back button to navigate Oracle BI EE, unless no other navigation methods are available. The browser’s Back button may not save the state of the panel after returning. Breadcrumbs is the recommended navigation approach that permanently maintains the
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