Business Intelligence (BI)
BI courses enable you to know what’s happening in real time, why it’s happening, how to stop it or capitalize on it and how to predict what will happen next. Enrol today to become part of this rapid growing industry.
Course overview
In the age of information, data plays a vital role as it is based on proper data analysis that actionable decisions are taken whether in business or in day-to-day life. BI allows modern businesses to leverage data to make sound, fact-based and actionable decisions to improve their operations and profit margins. It’s a process that combines data analytics and business intelligence on a given set of data to make future business strategies and plans.
Gone are the days when businesses were assumed to be like gambling. In those days, there were no other options than making ‘the perfect guess.’ But now, as you know, when it comes to a company’s future, this is no longer an appropriate method to arrive at a strategy.
With the help of Business Intelligence software, one can have accurate data, real-time updates and means for forecasting and even to predict conditions such as ‘what will happen if.’ Thus, the need for guessing has gone.
What will you achieve?
By the end of the course, you will be able to explore qualitative enrichment through:
A systematic approach to technology entrepreneurship
How to generate new use scenarios by matching customer needs with promising technology seeds
How to align business and operating models
How to evaluate a technology for readiness and market fit
How to position opportunities to secure funding
How BI will create more job opportunities
BI is expanding and opening up opportunities – it is no longer limited to business analysts; various other professionals are needed to run BI systems smoothly and efficiently. If you are planning to build your career in Business Intelligence, you are taking a step in the right direction. With the continued growth and emerging promises in this space, it’s an excellent field to carve a career path.
From developing software to planning projects, a broad range of job roles that need diverse skill-sets, come under the BI umbrella. Skills and expertise in SQL, analytical abilities, basic programming and relational database management, etc. are needed in this field.
Overall roles in BI:
Tasks of a BI analyst include
Provide application analysis and data modeling design to collect data for centralized data warehouses
Extract data from databases and data warehouses for reporting and to facilitate sharing between multiple data systems
Proficiency in the use of query and reporting analysis tools.
Standardize data collection by developing methods for database design and validation of reports
BI performance includes
Business process management:
Performance metrics and benchmarking inform business leaders of progress towards business goals. BI tools can help a business boost internal productivity by focusing its efforts on what is important.
Decision making:
BI analytics such as data mining and statistical analysis quantify processes for a business to make the best decisions. BI can help a business identify areas to cut costs or how to distribute budget allocations.
Business planning:
Businesses can use BI data to develop both short-term goals and long-term strategies. Businesses can gain insight into their customers and market trends, allowing them to make decisions about current and future operations, products, goods, or services.
Collaboration:
BI can facilitate collaboration both inside and outside the business by enabling data sharing and electronic data interchange. Many businesses use BI tools to communicate with suppliers, reducing lead times and inventory levels. By sharing data among partners, each business has up-to-the-minute information on everything from delivery times to price changes.
