Business Intelligence Essentials – Irene Tobajas (1)

5. Next, let’s get a closer look at specific charts and data. Are they showing an upward or downward trend? Are there any outliers that deviate from the standard patterns? We could also explore performance across different timeframes, products, and geographies, and proceed to investigate discrepancies, if any. Depending on how the dashboard has been designed, users may have the functionality to drill down and explore underlying data. By leveraging this feature, they can gain a more granular understanding of any anomalies or significant changes. Comparing against benchmarks As we begin to understand the details behind specific trends and patterns, we can now examine this data from multiple angles.

For instance, we could compare it against historical data, pre-established goals, performance in other business areas, and/or industry standards. This popular practice, known as benchmarking, allows us to identify areas for further improvement. For effective outcomes, it is key to first establish as a business/team what are relevant and realistic benchmarks for comparison. Asking critical questions Throughout the process of interpreting business intelligence reports, we should encourage stakeholders to actively ask themselves questions about the report and data while interacting with it.

Additionally, we must foster close collaboration to gain diverse 6. perspectives and to ensure the analysis and extracted insights are objective. This cross-functional engagement will likely lead to uncovering additional insights that may not have been obvious at first. Taking action based on insights Although this is quite an obvious step, it is still forgotten sometimes. The ultimate goal of all these efforts and hard work is to drive meaningful action.

We want our users to walk away from the dashboards and reports with a clear understanding of how to proceed next and which areas to prioritize. In fact, if we have developed the BI report from scratch, it is highly possible that after all the time spent iterating the dashboard/report and making sense of the data, we will be able to directly identify some actionable recommendations.

If this is the case, it can be a good practice to directly present those recommendations to our shareholders when sharing the BI report. Once the course of action is agreed upon and teams start its implementation, we should monitor the impact of these actions on the observed trends and patterns. By continuously evaluating this, we will better understand how specific actions affect the performance of our KPIs and ensure the team is moving in the right direction.

4.3.4 Practical example I would like to bring it all together for you with a practical example. I am giving our Pilates instructor a break and switching to a business that might not traditionally come from a very data-driven industry.

As our valued reader, your purchase of this book includes access to exclusive online resources designed to enhance your learning experience. These resources can be downloaded from our website, https://www.vibrantp ublishers.com/, and are created to help you apply Business Intelligence concepts effectively. Online resources for this book include the following five essential templates: ● Business Intelligence Project Roadmap Template ● Business Intelligence Requirements Gathering Form ● Data Quality Assessment Worksheet ● Business Intelligence Tool Evaluation Matrix ● Business Intelligence Performance Metrics Tracker Why these online resources are valuable: ● Practical application: The ready-to-use templates simplify complex business intelligence processes.

● Step-by-step guidance: They enable a clear understanding of concepts, efficient implementation of techniques, and skill refinement. ● Enhanced learning experience: They reinforce knowledge with structured worksheets, evaluation matrices, and performance-tracking tools. How to access your online resources: 1. Visit the website: Go to www.vibrantpublishers.com 2. Find your book: Navigate to the book’s product page via the “Shop” menu or by searching for the book title in the search bar. 3. Request the resources: Scroll down to the “Request Sample Book/Online Resource” section. 4.

Enter your details: Enter your preferred email ID and select “Online Resource” as the resource type. Lastly, select “User Type” and submit the request. 5. Check your inbox: The resources will be delivered directly to your email. Alternatively, for quick access: simply scan the QR code below to go directly to the product page and request the online resources by filling in the required details. bit.ly/bi-slm Happy learning! 1kitap1.com/en BUSINESS INTELLIGENCE ESSENTIALS YOU ALWAYS WANTED TO KNOW First Edition © 2025, By Vibrant Publishers, USA.

All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior permission of the publisher. Paperback ISBN 10: 1-63651-336-0 Paperback ISBN 13: 978-1-63651-336-2 Ebook ISBN 10: 1-63651-337-9 Ebook ISBN 13: 978-1-63651-337-9 Hardback ISBN 10: 1-63651-338-7 Hardback ISBN 13: 978-1-63651-338-6 Library of Congress Control Number: 2024951291 This publication is designed to provide accurate and authoritative information in regard to the subject matter covered.

The Author has made every effort in the preparation of this book to ensure the accuracy of the information. However, information in this book is sold without warranty either expressed or implied.

This is a short excerpt from the opening of “” by Unknown, quoted for review and introduction purposes. All rights belong to the copyright holders.

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