Business Intelligence (BI)

The Importance of Planning and Forecasting in BI – Business Intelligence Article

The budgeting and forecasting process for most organizations is long and tedious and occurs on an annual basis, at least. Companies try to do it more often to improve accuracy and aim to ultimately implement a procedure for continuous planning or rolling forecasts. Unlike any other business process, budgeting and forecasting is unique because it is forward thinking. Business processes like accounting, inventory tracking, invoicing, shipping, etc. are based on actual events from the past and present. This is a fundamental…

Read More

How to Cut Data Preparation Time for Visualization Tools – Business Intelligence Article

Data Visualization tools have democratized data exploration and analytics, giving business users a way to access and utilize data without depending on the IT department. Self-service BI tools like Tableau, Qlik, PowerBI, etc. are remarkable data visualization tools that enable users to create ad-hoc dashboards that are beautiful and data-driven. In a study by TDWI in 2016, they found that most companies spend up to 61% – 80% of their time preparing data, as compared to time spent analyzing the…

Read More

Data Visualization Best Practices | PARIS Tech – Business Intelligence Article

We’re living a data-generating reality in a digital world. The amount of data just keeps expanding; its potential to teach us growing along with it. Data wants to tell us its story. What is Data Visualization and Why is it Important? When we talk about data visualization, we are talking about a kind of translator that helps communicate the insights offered by the data to people, by placing it in a visual context. When data is rendered visually, we can easily…

Read More

Investing in Information | PARIS Tech – Business Intelligence Article

“Information is only useful when it can be understood” – Muriel Cooper Just about everything in life benefits from having the right information at the right time. In a business context, organizations that leverage information quickly are more agile, allowing them to respond faster to market trends, giving them an upper hand over their competitors. Big data is not a trend. It has been referred to as “The Management Revolution” because of the impact it has on doing business in…

Read More