Growth of Business Intelligence Dashboards

Business intelligence (BI) software is becoming an increasingly important aspect of every company’s operation. They let organizations turn vast amounts of data into actionable information. BI is used by businesses to discover organizational trends and build processes to streamline various activities and services.

Business intelligence refers to an organization’s capacity to make educated decisions, take deliberate actions, and implement effective business strategies. Reports, visualizations, and dashboards, which may contain graphs, maps, and textual summaries, convey data in business intelligence.

Managers can use BI to illustrate patterns by correlating data from various sources. Managers can use business intelligence to uncover meaningful information to help them make better business decisions. Let’s look at BI solutions and what you’ll need this year to keep your organization hand in hand with the trends.

The Ever-Growing Demand for BI

In terms of market size, the Business Intelligence (BI) software business is swiftly emerging as one of the highly desired product. Global BI revenue is expected to reach $22.8 billion by 2021, according to Gartner, and $29.48 billion by 2022, according to Reuters. The market for business intelligence solutions is rising, and it will continue to do so.

Although the emergence of an analytics-driven industry isn’t exactly breaking news these days, you might be wondering what these predictions mean for you and your company. eWAY is putting together an all-encompassing solution based on new industry insights and feedback from several prominent thought leaders, with BI software leading the way in helping organizations make better-informed decisions through its excellent Business Intelligence Dashboard Developers.

Why is BI important?

Organizations can use the developments from Business Intelligence Dashboard Developers to become data-driven firms, improve performance, and gain a competitive advantage. They can:

• Increase ROI by knowing the business and deploying resources sensibly to fulfil strategic goals.

• Analyze customer behaviour, preferences, and trends to target prospects better and customize products to changing market demands.

• Data insights are used to monitor business operations and rectify or improve them continuously.

• Improve supply chain management by tracking activity throughout the chain and sharing information with partners and suppliers.

Most self-service bi tools assist with data visualization and analysis, but they require technology and functional professionals to build and install.

eWAY is an Assisted Bi Solution that provides free assistance in building a robust reporting, Perspective Analytics Tools and Software solution targeted to your business needs.

Salient Features of EWAY’s BI solution

Regardless of your requirement, there are six things you should demand in any BI solution, such as eWAY’s, that already combines them, irrespective of the application’s circumstances:

1. Dashboards for executives

Personalized Dashboards provide corporate leaders with relevant, understandable real-time data, allowing for faster and better decision-making and shorter response times to internal and external events. Executives require Business Intelligence Dashboard Developers to create a tailored solution with easy-to-understand KPIs and summary data delivered regularly and scheduled.

2. Reports with interactivity

Users can use interactive reports to turn data into knowledge. They help users better comprehend the analyses in reports and the data that those reports are based on, allowing them to make better decisions.

3. OLAP

The abbreviation OLAP stands for online analytical processing. OLAP is a database technology that is intended for querying and reporting rather than transaction processing. OLAP data is also hierarchically structured and stored through Perspective Analytics Tools and Software rather than tables.

4. Mobile accessibility

Mobility is no more a luxury in today’s workplace but rather one of the essential business intelligence elements. With busy executives always on the move, they must have access to management information on various platforms, including mobile and tablet.

EWAY: The 360° Solution With The Power Of Business Intelligence

As we end this informative article on the most significant characteristics of business intelligence, we hope you have a better knowledge of the advantages these sorts of solutions may provide for your company analytics.

eWAY’s solutions are tailored to your requirements. The eWAY Perspective Analytics Tools and Software library includes various sophisticated and simple-to-use tools for boosting productivity, collaboration, manageability, and governance. You get immediate access to all of your analytics assets, including reports, dashboards, spreadsheets, applications, and data, through a single interface.