Did you know that there is a whole multi-billion-dollar industry that is based on the business of creating and utilizing big data analytics and big data visualization (mostly alluded to as dashboards) to drive the basic decision making process in big and smaller companies?
It’s called Business Intelligence (BI). Business Intelligence includes making any sort of data visualization (report, dashboard, or infographic) that gives understanding into a business for the primary purpose for settling on a choice or making a move.
Many individuals have been in the Business Intelligence business for a long time without knowing it.
Regardless of whether you’ve been using some kind of information for professional or individual use or creating a report, dashboard, or infographic for others to use to decide, you’ve been a piece of the Business Intelligence business.
Now that you’re sure about the meaning of Business Intelligence, you’re likely asking why Business Intelligence is so important, particularly in case you’re not very familiar with it.
There are two reasons why business knowledge ought to be imperative to anybody in the data visualization or big data visualization field:
Business Intelligence drives industry trends. Trends in Business Intelligence impact trends in numerous different territories, for example, Big Data, mobility, social collaboration, and the cloud.
These patterns influence you as a big data visualization consumer or maker, so it’s vital that you stay abreast of patterns in the Business Intelligence industry.
In case you’re a user, for instance, the ascent of mobile and social collaboration determines out where you get to access dat visualizations, how you interact with them, and how you gain further insights from them.
Business Intelligence drives the development of data visualization tools.
The Business Intelligence industry is exceptionally competitive, and chances are that any data visualization tool you select for building your big data visualization will be named a Business Intelligence tool.
On one hand, this competition among various software providers to create the ultimate big data visualization tool for everybody’s profit.
It drives development that focuses on usability, better insights, and reduced cost.
Then again, the selection of big data visualization tools is ending up so broad that it’s occasionally difficult to choose the most ideally equipped big data visualization tools for the activity.
Consider the most generally utilized Business Intelligence tool on the planet: Microsoft Excel.
A few individuals from the Business Intelligence industry suggest that Excel, notwithstanding its wide adoption and use, is the most risky and least effective tool accessible.
It’s essential to understand that the evolution of new software in this industry directly influences what sorts of big data visualization tools are accessible to you.