Business intelligence is nothing but the set of methods, architectures, processes, technologies, and applications to transform raw data into more meaningful insights. It helps companies to make the most appropriate decision to achieve success and desired objectives. If you don’t know, the global market of business intelligence is predicted to expand from 23.1 billion in 2020 to $33.3 billion by 2025 at 7.6% CAGR.

Here is an infographic showing “Expert decision making with BI Consulting Services”

How does BI Analytics help in business enhancement?

Business intelligence reflects the process of converting raw data into useful information. But, it may not be helpful if you don’t know how to work according to the business requirements and overcome business barriers such as big data or information overloading. 

Therefore, we are more focused on business intelligence consulting services to get help from experts and boost the business outreach. The services act as a systemic structure of business intelligence integration that allows companies to get BI solutions and consulting services to grow their business amazingly. It helps in resolving issues of data problems, big data, information overloading, and many more.

More about business intelligence consulting firms

Now, you have a data analytics report and know about business intelligence but, you still have confusion about how to implement strategies into business operations. This concern raises the requirement of business intelligence consulting companies and getting assistance from professional business intelligence consultants. Key benefits of getting help from business intelligence consulting firms:

• BI Assessment & Technology Consulting
• Data Warehousing Assistance
• BI Analysis & Reporting System
• BI Software Solution Enhancement
• BI Core Analytics
• Dedicated BI Consultants

You will get everything in a complete package to outgrow your business success graph. You must know that technologies exactly work where traditional techniques are no more workable. 

Conclusion:

Be calculative when your business needs outstanding growth and notable progress. So, be ready to connect with business intelligence consultants and understand the significance of advanced BI tools. In this search, ValueCoders will show the right roadmap for incorporating business intelligence into your management.

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BI aims to collect, clean, and enrich structured or semi-structured data and then store it in different SQL databases. Data from various sources is stored in a data warehouse. Its goal is to support business decision-making with reports and dashboards.

To clear up your doubts once and for all, look at the given infographic:

Infographic Showing Big Data VS Business Intelligence War:

Top 3 Open Source BI Tools:

BIRTH:

BIRT was first launched in 2004 and is an open-source analytics platform that helps produce visually appealing reports.

JasperReport:

Written entirely in Java, JasperReport is one of the most prominent and widely-used open-source reporting tools and can use data from any type of data source.

KNIME:

KNIME is an open-source business intelligence testing tool that integrates various data mining and machine learning components. The data can be enriched with the help of various business extensions that can be used here.

As its name suggests, Big Data refers to extremely large data sets that will be complex to manage with conventional databases. In Big Data, we often talk about the 3Vs theorized by Gartner, which are volume, speed, variety.

The strong evolution of the masses of data, the speed at which your data travels, and the diversity of its sources will push us to use powerful tools to exploit all the data for better decision-making.

Top 3 Open Source Big Data Tools:

Hadoop:

Created by Apache, Hadoop is an open-source software framework that facilitates the distributed processing of a multitude of data sets across hundreds of servers that operate accordingly. Many companies have been using Hadoop for a long time to sort and analyze big data.

Open Refine:

OpenRefine is an open-source data management and visualization tool that enables you to quickly clean data sets and transform them into a workable format. Even non-technical users can use this solution. OpenRefine also allows you to create links between data sets instantly.

Cassandra:

Apache Cassandra is a highly scalable NoSQL database. You can monitor large data sets across multiple server clusters and in the cloud. Originally developed by Facebook to meet the need for a database powerful enough for the inbox search function.

Conclusion:

The big data big picture won’t replace your existing BI system, but it does provide unique opportunities if you manage to combine the richness of both technologies. It will expand your data view, allowing you to analyze much more detailed and complete data.

Now, if you are also thinking of doing your next project using any of these technologies, you can contact ValueCoders for business intelligence integration or big data application development.

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