BI data can include a range of things, such as:
- Inventory counts
- Revenue
- Sales data
- Customer information
- Dates
- Purchase orders
There are two stages to BI reporting. The first is collecting data in a secure and ethical way from a range of sources and presenting it in a way that means your data experts can analyse it. The second stage is analysing that data, drawing out information and actionable insights that the rest of the business can work with.
The goal of all this is to create insights that can support decision making. It’s also useful for removing data silos. BI reporting enables a single source of truth that uses consistent data sets, and usually coming from the same platform. This makes data analysis take much less time and ensures that decisions are more accurate. That gives everyone extra confidence in the results.