{"id":11169,"date":"2023-04-21T08:25:10","date_gmt":"2023-04-21T13:25:10","guid":{"rendered":"https:\/\/www.dataknow.io\/?p=11169"},"modified":"2025-01-19T13:36:34","modified_gmt":"2025-01-19T18:36:34","slug":"business-intelligence-how-to-make-the-best-strategic-decisions","status":"publish","type":"post","link":"https:\/\/dataknow.io\/en\/business-intelligence-how-to-make-the-best-strategic-decisions\/","title":{"rendered":"Business Intelligence: how to make the best strategic decisions based on data"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11169\" class=\"elementor elementor-11169\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-87c1ca0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"87c1ca0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d9377e4 ot-flex-column-vertical\" data-id=\"d9377e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d332e6 elementor-widget elementor-widget-heading\" data-id=\"6d332e6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Key Points<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dcb788d elementor-widget elementor-widget-iservice_box\" data-id=\"dcb788d\" data-element_type=\"widget\" data-widget_type=\"iservice_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\r\n\t\t\t\t<div class=\"service-box s-box elementor-animation-\">\r\n\t\t\t<div class=\"overlay\"><\/div>\r\n\t        <span class=\"big-number\"><\/span>\r\n\t\t\t\t        <div class=\"icon-main number-box\">\r\n\t\t        \t\t        \t<i aria-hidden=\"true\" class=\"fas fa-building\"><\/i>\t\t        \t\t\t    \r\n\t\t\t    \r\n\t\t        \t        <\/div>\r\n\t        \t        <div class=\"content-box\">\r\n\t            <h5 class=\"service-box-title\"><\/h5>\r\n\t            <p>Tips to make better decisions with Business Intelligence<\/p>\r\n\t        <\/div>\r\n\t    <\/div>\r\n\t    \r\n\t    \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d6f539a ot-flex-column-vertical\" data-id=\"d6f539a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b6137c elementor-widget elementor-widget-table-of-contents\" data-id=\"9b6137c\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0,&quot;sizes&quot;:[]},&quot;icon&quot;:{&quot;value&quot;:&quot;fas fa-circle&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.17.0 - 01-11-2023 *\/\n.elementor-widget-table-of-contents .elementor-toc__header-title{color:var(--header-color)}.elementor-widget-table-of-contents.elementor-toc--collapsed 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svg{height:1em;width:1em;fill:var(--toggle-button-color)}.elementor-toc__spinner-container{text-align:center}.elementor-toc__spinner{font-size:2em}.elementor-toc__spinner.e-font-icon-svg{height:1em;width:1em}.elementor-toc__body{padding:var(--box-padding,20px);max-height:var(--toc-body-max-height);overflow-y:auto}.elementor-toc__body::-webkit-scrollbar{width:7px}.elementor-toc__body::-webkit-scrollbar-thumb{background-color:#babfc5;border-radius:10px}.elementor-toc__list-wrapper{list-style:none;padding:0}.elementor-toc__list-item{margin-bottom:.5em}.elementor-toc__list-item.elementor-item-active{font-weight:700}.elementor-toc__list-item 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.elementor-toc__list-item-text{white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapper{display:none}.elementor-toc__heading-anchor{position:absolute}.elementor-toc__body .elementor-toc__list-item-text{color:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration)}.elementor-toc__body .elementor-toc__list-item-text:hover{color:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration)}.elementor-toc__body .elementor-toc__list-item-text.elementor-item-active{color:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)}ol.elementor-toc__list-wrapper{counter-reset:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item{counter-increment:item}ol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:before{content:counters(item,\".\") \". \"}<\/style>\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tEn este art\u00edculo aprenderemos:\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__9b6137c\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06aab3c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06aab3c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c055597 ot-flex-column-vertical\" data-id=\"c055597\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bfe0fcf elementor-widget elementor-widget-text-editor\" data-id=\"bfe0fcf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><b>By DataKnow Editorial Staff<\/b><\/p><p>The power to convert data into useful knowledge in business decision making, that defines business intelligence or <strong><a href=\"https:\/\/daki.ai\/como-el-business-intelligence-genera-ventas-exitosas\/\">Business Intelligence<\/a><\/strong>. However, it&#8217;s not as simple as paying a subscription and accessing a panel; strategic decisions and results based on business intelligence obey a plan.<\/p><p>\u00a0<\/p><p>From defining business requirements or expectations, formulating objectives and goals, validating key sources of data and tools, to displaying and interpreting information, there is a whole methodology for a successful business intelligence strategy.<\/p><p>In this installment we address a series of preparations and points of attention so that business intelligence achieves its goal; But first, for a better context, let&#8217;s review the concept of business intelligence and its scope.<\/p><p>To enter a little more into context: <a href=\"https:\/\/www.dataknow.io\/business-intelligence-y-data-science-sinonimos-amigos-o-enemigos\/\"><strong>Business Intelligence and Data Science: Synonyms, friends or enemies?<\/strong><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e691ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e691ae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49be4b0 ot-flex-column-vertical\" data-id=\"49be4b0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8561512 elementor-widget elementor-widget-image\" data-id=\"8561512\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-8342\" alt=\"Inteligencia de negocios toma de decisiones\" srcset=\"https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1-1024x683.jpg 1024w, https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1-300x200.jpg 300w, https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1-768x512.jpg 768w, https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1-750x500.jpg 750w, https:\/\/dataknow.io\/wp-content\/uploads\/2022\/01\/pexels-kampus-production-8353802-1.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Graphic elements of Business Intelligence \u2013 Photo by Pexels.com<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b02d520 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b02d520\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5562616 ot-flex-column-vertical\" data-id=\"5562616\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-279b3c8 elementor-widget elementor-widget-heading\" data-id=\"279b3c8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business intelligence and its scope<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70dc680 elementor-widget elementor-widget-text-editor\" data-id=\"70dc680\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tBusiness Intelligence, business intelligence or business intelligence covers a series of tools, software and services, the vast majority of them hosted in the cloud.\n\nThese solutions connect with raw data sources that can be multiple and diverse such as: the internet, social networks, public or private databases and data centers, smart devices or IoT, sensors, among others.\n\nThrough a series of pre-established parameters (Ad Hoc), computing, programming, mathematical and statistical analysis, and even artificial intelligence; BI tools process this data, to categorize and summarize it.\n\nThis synthesized information is presented graphically, through reports, boards (so-called dashboards) that are also configured according to user requirements.\n\nWhen the entire process is validated, the BI tools process the information instantly, with one click updating metrics, KPIs, graphs and information dashboards.\n\nAs you could have inferred everything at a descriptive level. In fact, business intelligence is a level of data analytics that allows us to know the past or what is happening, to apply controls and\/or formulate plans.\n\n<a href=\"https:\/\/www.cio.com\/article\/2439504\/business-intelligence-definition-and-solutions.html\"><strong>CIO Magazine<\/strong><\/a> sums it up like this: &#8220;By business intelligence we understand a set of tools that allow quick and simple access to information on the current state of the business from the available data.&#8221;\n\nBusiness intelligence is one of the first steps in the Analytical Route Map and the portfolio of solutions that we offer at <strong><a href=\"https:\/\/dataknow.io\/consultoria-analitica-servicio\/\">DataKnow.<\/a><\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ba2650 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ba2650\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dbfce28 ot-flex-column-vertical\" data-id=\"dbfce28\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d7d099 elementor-widget elementor-widget-text-editor\" data-id=\"9d7d099\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2>Tips to make the best decisions with business intelligence<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24d9559 elementor-widget elementor-widget-text-editor\" data-id=\"24d9559\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With a little more argument, now let&#8217;s see the key points for the business intelligence strategy to be effective.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f90c73 elementor-widget elementor-widget-heading\" data-id=\"3f90c73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 1: Goodbye to subjectivity<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e881ebf elementor-widget elementor-widget-text-editor\" data-id=\"e881ebf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As owners of small businesses, managers or directors of already consolidated companies, we let ourselves be carried away by previous conceptions, instincts and even prejudices.<\/p><p>It is something typical of our human nature, but we must appeal to reflective judgment and know that these kinds of beliefs or preconceptions cloud our vision of reality.<\/p><p>If you invest a budget, even a modest one, in business analysis tools, it is clear that you cannot continue to guide your decisions by beliefs and underestimate the results, facts and data.<\/p><p>If, even with a real-time information board, you have doubts, it is important that you rely on a team so that the interpretation of the information is not subject to personal biases.<\/p><p>Get involved from the validation and implementation process, empower key personnel, the more team members know how to interpret the data and draw conclusions, the more informed and objective the decisions will be.<\/p><p>Explore some data analytics tools.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a09dd55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a09dd55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ac628f ot-flex-column-vertical\" data-id=\"3ac628f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93edb51 elementor-widget elementor-widget-heading\" data-id=\"93edb51\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 2: Clarity regarding requirements and objectives<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d22d4a elementor-widget elementor-widget-text-editor\" data-id=\"8d22d4a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tIn our first section we mentioned that business intelligence offers Ad Hoc solutions, that is, a solution designed for a specific purpose.\n\nYou can&#8217;t just buy a license or a subscription, log into a system and think that a dashboard will give you all the answers.\n\nIn BI, data is collected, processed, and presented based on prerequisites and clear business objectives.\n\nIf you do not have them, it is essential that with the support of your key personnel you define what objectives you want to achieve, what strategies you seek to support with the data and what needs or requirements you hope to cover; eventually you can include the provider of <a href=\"https:\/\/dataknow.io\/en\/analytical-consulting-service\/\"><strong>BI solutions as a consultancy.<\/strong><\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-43ba4f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"43ba4f3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-07eba76 ot-flex-column-vertical\" data-id=\"07eba76\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef2e615 elementor-widget elementor-widget-heading\" data-id=\"ef2e615\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 3: Be selective with your data sources<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29521f8 elementor-widget elementor-widget-text-editor\" data-id=\"29521f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Inadequate data sources can lead to misleading conclusions.<\/p><p>Chris Hagans COO of WCI Consulting, a Texas-based company specializing in BI, in an interview for <a href=\"https:\/\/www.cio.com\/article\/2437838\/7-keys-to-a-successful-business-intelligence-strategy.html?nsdr=true\">CIO Magazine:<\/a><\/p><p>&#8220;It is better to have fewer things to trust than many to suspect.&#8221;<\/p><p>And this points to the need to be selective with the sources from which BI tools will be connected.<\/p><p>Generating reliable and quality information can be complicated if the data sources are dispersed and disconnected from each other.<\/p><p>The breadth, security and reliability of the data sources will be another point of validation with your team and BI provider.<\/p><p>Take an inventory of the sources and databases that you could count on, give priority to massive sources of structured data and ask your provider what data integration tools they have.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e14174a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e14174a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-04de8af ot-flex-column-vertical\" data-id=\"04de8af\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0827c9d elementor-widget elementor-widget-heading\" data-id=\"0827c9d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 4: An iterative approach<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a70cce elementor-widget elementor-widget-text-editor\" data-id=\"7a70cce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>business intelligence implementation should be progressive.<\/p><p>Based on the objectives that are sought, it begins with a specific source and some basic key performance indicators (KPIs) to carry out the implementation, tests and adjustments are carried out and a new cycle begins, including other variables, sources and indicators. .<\/p><p>As progress is made, processes are incorporated into the business intelligence solution, so that the BI tool is iteratively improved and expanded to the extent that it is known which expectations are met and which are not.<\/p><p>Once again, the provider of data analytics solutions will play a leading role with their support, advice and shared experience.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab6852f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab6852f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5845b8b ot-flex-column-vertical\" data-id=\"5845b8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-621a092 elementor-widget elementor-widget-heading\" data-id=\"621a092\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 5: Familiarity with visuals<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d138ddd elementor-widget elementor-widget-text-editor\" data-id=\"d138ddd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As we mentioned in the first section, the summary and visualization of information is an important part of business intelligence tools.<\/p><p>An extensive dashboard, dense at the level of indicators and graphs can cause you to lose focus or end up underestimating an important part of the information displayed.<\/p><p>Consider some aspects that could influence effective analysis and compression:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-401903d elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"401903d\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/dataknow.io\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Charts, graphs and maps must go hand in hand with the goals or objectives.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Group some KPIs by categories.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Lean on few graphic resources, the priority ones.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">A dashboard must be dynamic enough to access information in the background if required.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Not all information should be presented to all users in the same way.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-chevron-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Trains staff on graphs and other information visualization elements (bars, trends, scatter, control charts).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c609a55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c609a55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-379563a ot-flex-column-vertical\" data-id=\"379563a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cbfa427 elementor-widget elementor-widget-heading\" data-id=\"cbfa427\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Number 6: Train and empower<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99420ac elementor-widget elementor-widget-text-editor\" data-id=\"99420ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You don&#8217;t have to be a mathematician or a code developer to understand the operation and applicability of Business Intelligence tools, but it is important that the staff is familiar with the graphical resources and the interface offered by the solutions.<\/p><p>Your team, your collaborators must know how to exploit the information provided by BI tools to &#8220;tell the story&#8221; and help others understand &#8220;what the data is trying to say&#8221;.<\/p><p>They will be your analysts, the people who create the unbiased narrative that helps maximize the value of analytics.<\/p><p>There are all sorts of internal and external data that can be leveraged for insights with the right staff training and expertise, again your analytics consulting provider can guide you through the first steps.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82af6d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82af6d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-242f31c ot-flex-column-vertical\" data-id=\"242f31c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0614ed4 elementor-widget elementor-widget-heading\" data-id=\"0614ed4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Business Intelligence in Decision Making \u2013 Final Thought<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-484196d elementor-widget elementor-widget-text-editor\" data-id=\"484196d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tIt is not a question of buying a license and giving a couple of clicks, however,<a href=\"https:\/\/daki.ai\/como-el-business-intelligence-genera-ventas-exitosas\/\"><strong> business intelligence<\/strong><\/a> is not a complexity, nor is it exclusive to large corporations, a preparation plan and the proper accompaniment will make your data a true mine of gold.\n\nAt <strong><a href=\"https:\/\/dataknow.io\/en\/\">DataKnow<\/a><\/strong> we will be delighted to reap results together from the true power of data.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The power to convert data into useful knowledge in business decision making, that defines business intelligence or Business Intelligence. However, it&#8217;s not as simple as paying a subscription and accessing a panel; strategic decisions and results based on business intelligence obey a plan.<\/p>\n","protected":false},"author":2,"featured_media":12011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[640,91],"tags":[1029,470,512,514,1028,586,964,468,489,599],"class_list":["post-11169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-intelligence","category-forecast","tag-bi-tools","tag-business-intelligence","tag-business-optimization","tag-business-strategy","tag-competitive-advantage","tag-data-analytics-en","tag-data-driven-decisions","tag-decision-making","tag-digital-transformation","tag-strategic-decisions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Intelligence: how to make the best strategic decisions based on data - 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