First let’s find out what is BI:
BI or business intelligence is a combination of software applications, business systems and methodologies that play an important role in the strategy planning of an organization.
Now, we all know that a corporation collects its data from various sources. And keeping track of this data requires a wide range of programs (software) and database applications for all the departments throughout the corporation to access that data.
Also, using various software programs pose difficulty in analyzing the data and retrieving the information in a timely manner. A business intelligence solution replaces all the multiple tools that were traditionally employed to collect and analyze the data.
What BI Software Actually Is:
BI software or Business Intelligence software is designed to analyze the business data through an automated process (or processes) to give a better understanding of a company’s strengths and weaknesses. This software helps give the right information to the right people and at the right time, so as to improve an organization’s decision-making process.
BI software is often considered as BI tools (business intelligence tools) representing all the integrated software applications which provide the means to analyze, report and present the data.BI software is also designed to access the data that is stored in every data warehouse or storage system.
The type of tools in a BI software application generally include tools for data mining, spreadsheets, search, operational dashboards, analytics processing and other components of ERP (enterprise resource planning) systems.
Well, a Business Intelligence Software is not just presenting data and delivering reports, it’s also about providing everyone – executives, customers, analysts, or anyone else – simple and secure access to the right information, so that they can satisfy their requirements and share the information accordingly.
Ways to Deploy BI Software:
BI software applications can be deployed in several ways. Some of the most common methods to deploy them are:
- Cloud computing (cloud) implementation
- SaaS (hosted on-demand)
- On-Premise Installment