Measuring Success: KPIs and Analytics in Business Intelligence
Business intelligence refers to the first two stages as it helps answer the questions of what is/was happening and why. With the help of descriptive and diagnostic analytics – or BI — businesses can study the market conditions of their industry, as well as their internal processes. A historical data overview helps find pain points and development opportunities. This is truly the future of business intelligence—that’s why we included it in our list of 2023 data and analytics trends. The shift of work to cloud-based business applications with open APIs enable a more closed-loop insight to action process. Companies can…Continue Reading