RCS Professional Services Blog

RCS Professional Services has been serving the New York area since 1999, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Tech Terminology: Business Intelligence

Tech Terminology: Business Intelligence

If you know more about your organization and its customers, you’ll be able to make better decisions about the future of your business. Thanks to an increased focus on business intelligence, even small and medium-sized businesses can take advantage of these analytical tools to improve operations and customer relations. What is business intelligence? How does it work, and why does your business need it?

Defining Business Intelligence
Business intelligence is an approach to organizational management utilizing software solutions and other services to convert your data into actionable intelligence. Some have even compared business intelligence to descriptive analytics. Basically, it allows your business to see what has worked in the past, as well as what could happen in the future and where your business is currently standing. This is often confused with business analytics, but the aim of BI is a bit different. Instead of guessing what is going to happen, it looks at what has already happened to help you make better decisions in the future.

How Can You Get Started with It?
If you’re like most businesses, chances are that information is stored across your organization in multiple databases. You’ll have to get them in order if you want to take advantage of solutions that depend on it. In most cases, this includes rounding up your data and placing it in one location for easy access. You can then link together tables to create a data cube. Data warehouses can also use dynamic links to databases to make changes to data and change the way that it’s represented at a glance. Some databases can’t do this so, they rely on importing databases in other ways.

How Does It Work?
Now that your data warehouse is set up, you can start analyzing the data with multilayer queries. Since all of your databases are now connected, you can easily enter in search queries for any information needed. For example, you can search your inventory, as well as create a list of what’s most popular from your business. It can then cross-reference these two lists to determine how much products sell, and when.

Reports Are Important
Every time you run a query, you will wind up running a report as well. Basically, the report ensures that you actually have information to utilize. Reports are helpful because they help you make educated decisions about where and where not to place products. The interesting idea that BI introduces is that older methods of doing business may not necessarily be viable any longer. While the upfront costs of creating a data warehouse may be considerable, BI can provide such a huge return on investment that the expenses accrued aren’t as damaging.

RCS Professional Services can help your business implement business intelligence technology. To learn more, reach out to us at 212.532.9111.



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, 18 September 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Upcoming Events

No events

Mobile? Grab this Article!

Qr Code

Tag Cloud

Security Best Practices Technology microsoft Privacy Internet Software Tip of the Week Business Management Tip of the Week workplace tips Small Business Email Backup gadgets Mobile Office Hackers Saving Money Cloud Managed Service Provider hardware Productivity Quick Tips Google Malware Data Business COmputing Social Media Business Microsoft Office Smartphones User Tips Mobile Devices Computer Android Hosted Solutions Users Efficiency Innovation IT Services Passwords Network Security Business Continuity Virtualization Communication Miscellaneous IT Support Smartphone Upgrade Windows WiFi Operating System VoIP Disaster Recovery Holiday Network Server Mobile Computing Tech Term Apple The Internet of Things Analytics Ransomware Unified Threat Management Alert Marketing Mobile Device Management Facebook Windows 10 Antivirus Windows 8 Apps IT Support Remote Computing Data Recovery Gmail Data Backup IT Consultant Cybersecurity Outlook Productivity communications Content Filtering History Collaboration Browser Excel Vendor Management Employer-Employee Relationship Remote Monitoring Money Virus Artificial Intelligence Maintenance Search Big data Data Management Hacking Going Green Phishing Office Health Windows 10 Lithium-ion Battery Firewall Bandwidth Current Events Cybercrime PowerPoint Business Intelligence Internet of Things Applications Mobile Device Managed IT Services Humor Website Laptop BYOD App Printer Tutorials Wireless Technology Update Social Networking Automation VPN Data Security Augmented Reality Word Spam Proactive IT Avoiding Downtime Hard Drives Cost Management iPhone Best Practice Company Culture Touchscreen Networking Save Money BDR eWaste Downtime Tech Support Managed IT Services Comparison Office 365 Bluetooth Chrome Specifications Tablet Lifestyle Safety SaaS Information Mouse Access Control Customer Relationship Management DDoS Government Desktop Information Technology Help Desk Sports Data Breach Patch Management Unified Communications Bitcoin Law Enforcement Cortana USB Cryptocurrency Blockchain Compliance Project Management Bring Your Own Device Cleaning Presentation IBM Running Cable IT Management Data storage Wireless Computers Encryption Net Neutrality User Error Vulnerabilities Pain Points Google Docs Vulnerability Inbound Marketing Document Management Retail Education Experience YouTube Business Technology Administration Websites Gaming Console Robot Computer Repair Scam Hiring/Firing Saving Time Digital Payment Two-factor Authentication Phone System Disaster Data loss User Social Save Time Social Engineering Computer Accessories Tech Terms News Google Wallet Twitter Backup and Disaster Recovery Printer Server Documents Solar intranet Mobile Technology Hiring/Firing Managed IT Displays Budget Advertising Public Speaking Regulations Entertainment Fake News Start Menu Skype Hosted Solution Value Wearable Technology Securty Managing Stress GPS End of Support Hard Drive Online Currency Slack Heating/Cooling Accountants Professional Services Microsoft Excel Data Protection Harddrive Travel Drones Get More Done Webinar Cables 3D Writing Distributed Denial of Service Monitoring Hacker Equifax Audit Zero-Day Threat Password Product Reviews Manages Service Provider Display Wires Text Messaging Entrepreneur Redundancy Printing Spying Trending Customer Service Startup HIPAA Dongle Electronic Payment Hard Drive Disposal Digital Network Congestion Processors Memory Voice over Internet Protocol Ebay Router Mobile Security Downloads Computer Care Fax Server Employee-Employer Relationship Statistics IP Address Legislation Service Level Agreement Virtual Assistant email scam Analytic Trojan Point of Sale FinTech Pirating Information Multi-factor Authentication Teamwork Emergency Mobility Training External Harddrive Society Onboarding Emails Storage Smart Office Time Management Media Streaming Legal MSP Keyboard Device security Google Calendar Google Maps Smart Phones Digital Signage Domains Wireless Headphones Work Computing Infrastructure Unified Threat Management Upselling Office Tips Identity Theft Development Debate Shortcut Television Cloud Computing LinkedIn Music Nanotechnology Troubleshooting Staffing Optimization Environment Business Cards Programming Virtual Reality Streaming Media Charging Competition HTML Co-Managed IT SharePoint Black Market Phone Systems Screen Reader Recycling Piracy Read Software as a Service Deep Learning File Sharing Chromebook Windows XP LiFi Analysis Application Knowledge Business Owner Freedom of Information Business Growth Conferencing Leadership Recovery Continuity Software License Monitors Virtual Desktop Visible Light Communication Managed Service Devices Hackeres