Business Information (BI) development is a service that helps organisations and projects to gather, store, access, and analyse data to make informed decisions and improve business performance. This service includes the design, development, and implementation of BI systems and tools, such as data warehouses, data marts, and reporting and analytics platforms. The goal of BI development is to provide clients with accurate, timely, and relevant information to support strategic and tactical decision-making.
Additionally, BI development can also include data integration, data quality, and data governance to ensure the integrity and security of the data. This service can be offered as a standalone service or as part of a larger business intelligence or data management project.
Requirements gathering: This step involves identifying the specific business needs and goals that the BI system should address, as well as the types of data that need to be collected, stored, and analysed.
Data modeling and design: In this step, the group from Oak Digital Consulting designs the data model, defines the data structure and relationships, and creates a plan for data integration and data quality.
Data warehousing and extract, transform and load (ETL): Data warehousing involves the design and implementation of a centralised repository for storing and managing data. ETL is the process of moving data from various sources into the data warehouse.
Reporting and analytics: This step involves the design and implementation of reporting and analytics tools to allow users to access and analyse the data in the data warehouse.
Deployment and maintenance: Once the BI system is built, it needs to be deployed and tested. It also requires ongoing maintenance, including data updates, performance tuning, and security monitoring.
Improved decision-making: By providing users with accurate, relevant, and timely information, BI systems help organisations to make better decisions.
Increased efficiency: BI systems automate the process of gathering, storing, and analysing data, which can save time and reduce costs.
Greater visibility: BI systems provide organisations with a comprehensive view of their operations, which can help identify areas for improvement.
Better strategic planning: BI systems can help organisations to identify trends and patterns in their data, which can inform strategic planning and forecasting.
Better customer understanding: BI systems can help organisations to gain a deeper understanding of their customers and their needs, generating insights for many areas such as marketing or sales.
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