Business Intelligence Application Development
BI technologies are capable of handling large amounts of structured and sometimes unstructured data to help identify, develop and otherwise create new strategic business opportunities. The goal of BI is to allow for the easy interpretation of these large volumes of data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.
BI technologies provide historical, current and predictive views of business operations. Common functions of business intelligence technologies are reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics and prescriptive analytics.
Data Data Data
New digital technology has created a step-change in the volumes of data being generated across all industries. Looking ahead, data volumes are expected to grow by up to 60% each year across all sectors – and by up to 120% each year in media-intensive sectors, including financial services.
The game changer
Businesses that know how to capture and analyse this data will gain a clear advantage when it comes to identifying new markets, understanding customers, managing profitability, cutting costs, monitoring risk, modelling scenarios and managing performance.
A key to that is working with your business and IT communities to forge a common understanding of what those risks and challenges are, build a consensus vision for the road forward, and articulate compelling value propositions from both business and IT perspectives.
Once specific analytical goals and methods have been identified, we develop and implement appropriate data structures – taking into account the type of data required as inputs to the various analytical techniques and the format required by the specific tool or tools our clients will be using.