What Makes Business Intelligence Unique When Compared to Other Apps?
Many business owners and information technology specialists who have knowledge, experience, and expertise with various apps like ERP, SCM, and CRM, believe that BI (Business Intelligence) is an app similar to these solutions. But, the fact is that business intelligence provides features for the business of all sizes that are much better than the other apps.
Scalability and customization
The definitions of the rest of the apps like CRM are more or less the same. But, when it comes to BI the definition is quite broader because BI includes data modeling, dashboards, analytics, reporting tools, data mining, performance management and more.
A market that is becoming very crowded
Due to the fact that BI provides a wide range of opportunities, it is quite natural for the market to be packed with providers that promise to provide exceptional BI solutions. However, whenever someone is looking and assessing BI products, it is better to look at the functions and features of the BI app. Every product may claim to finish the same job, but only BI can deliver almost all tasks. According to some experts, it’s better to opt for a BI product with embedded features like Izenda business intelligence for example.
A horizontal approach
BI apps rely on a horizontal approach when it comes to data that supports various vertical apps. This means that almost every app or organization that deals with data have a reason to use BI regardless of the number of vertical apps that are involved in the process.
A flexible data structure
Data that is gathered, stored and utilized for BI can be optimized for analysis and reporting or systematized for specially designed systems for transactions. Without any doubt, BI is very flexible and it can offer excellent results based on a wide range of structures. Even though the majority of business apps use transactional elements for quick record processing, BY can be adjusted and turned into a dimensional, hybrid or relational solution.
It is a platform
Finally, we should also point out that the majority of business apps are actually software solutions that are focused on specific activities. On the other hand, BI apps act as platforms that help users create tailored solutions.
These are just some of the things that make Business Intelligence special. The latest reports have shown that BI will continue to grow in the future and now you know why.
