BI business apps: Data insights to power your company
Modern business intelligence (BI) allows companies to create data apps that they can use to leverage their data for faster business decisions and insights. For businesses looking to compete, it’s essential to ensure that you are taking advantage of this capability.
In this article, we will look at the benefits of BI business apps and how you can make sure your company is getting the most out of its investment. We will answer some of the top questions, such as:
- What are BI business apps?
- How can they help my company?
- What type of companies should consider using BI business apps?
- What are the advantages of using BI business apps?
- How do I get started with business apps?
Read on to learn more about the benefits of BI business apps and how to get started.
What are BI business apps?
BI business apps are software applications focused on generating analytical insights through data. They provide a variety of features and tools that help you leverage your business data to create better insights for you, your business, and your customers.
Since they are built on an already existing platform, BI business apps are extremely easy to use and provide a variety of features and tools to help businesses make better decisions. BI platforms allow you to use your data to create custom apps that meet your company’s specific needs.
As data-driven applications become more popular, it’s essential for businesses to have a BI platform to stay competitive. BI platforms allow you to use your data to create custom apps that meet your company’s specific needs.
How can data-driven BI apps help my company?
By building apps using a BI platform, you can improve your business in several ways.
Customized business apps
The most notable advantage of building apps with a BI platform is that you can customize them to meet your unique needs. Many platforms offer out-of-the-box functionality which allows business users to get started in seconds instead of days.
You can use different tools and features depending on where your data is located, who will be consuming the application, and what type of analysis is needed. A variety of features means that businesses don’t have to develop separate software for each part of the business.
Increased and enhanced data analysis
BI platforms also provide powerful data analysis tools that can help you better understand your data. From data ingestion through final analysis using visualizations, BI can become a one-stop solution for data needs.
By leveraging a modern BI platform, you can uncover insights and trends that would be otherwise impossible to uncover through traditional analysis. This information can help you make better decisions about how to run your business.
Faster results via real-time updates
BI platforms also provide real-time updates, which means your data will be up-to-date right when you need it. BI leverages new technologies such as cloud computing and data pipelines to keep your data fresh and ready to use. As these platforms continue to evolve, your business can benefit from these emerging technologies and trends.
Increased organizational productivity
Once you have created your app, it can be accessed by anyone on your team. This saves time because new employees can have access to the data without having to receive additional training. BI apps also establish uniformity across the business, as they ensure that everyone has access to the same data and tools. This means less time wasted on training and more time on employees being productive.
Cloud integration and connector capabilities
Many BI platforms offer native cloud integration with popular software, which allows you to access more of your business data. These native integrations are called cloud connectors, and allow companies to collect, analyze, and act upon the right data at the right time. This is a valuable feature for businesses that are always adopting new technologies and softwares. With cloud integration, your data goes with you wherever you go, enabling you to make critical business decisions faster than ever.
What type of companies should consider using BI business apps?
When choosing what type of app to build with your business intelligence platform, think about what insights you are hoping to generate for your business, what business questions or workflows you need to address, and where the data lives for those business questions. This will ensure that you select the right platform and tailor your app to your specific needs.
For example, if you need to access data from specific departments or systems, you will need a data connector that can easily pull this information. If you need to analyze and combine customer data from multiple sources, you will need a data transformation tool that can combine data from different sources.
Similarly, you will need to consider your company’s size and the number of employees using the app. A platform that offers real-time updates is particularly valuable for large companies, while small teams may benefit more from a platform that is easy to set up and fully managed by the software vendor.
What are the advantages of data-driven apps?
Leveraging a BI platform for you data apps provides several advantages:
Advantage #1: Reduced time to market.
By building an app with a BI platform, you can reduce its time to launch new apps and help teams work more seamlessly on all aspects of a project. With apps, you can reuse certain elements, such as connectors and dataflows, across different apps. This allows you to focus your time and energy on developing the unique features of your app that will drive business insight.
Advantage #2: Enhanced security and data governance
Using a BI platform for your app ensures that your data is secure and protected.
By securing private data on a BI platform, your company can keep its data both accessible to the correct users and protected against attacks. Many BI software vendors offer security compliance measures such as SOC 2 and HIPAA to ensure high standards. Secure data reduces risk of BI applications and puts IT teams at ease.
Your company will also benefit from increased data governance. By having a centralized source of truth for your data, business users can easily access the data, and IT can ensure it is tracked and governed. This makes it easier to comply with regulations and standards.
Advantage #3: Reduced operational costs.
Using a BI platform for your app can also reduce costs. This is because you are able to reuse certain elements, such as connectors and templates, across different apps. In addition, many BI platforms offer subscription pricing, which makes them more affordable than traditional software.
Advantage #4: Better data management.
A BI business app built on a BI platform also offers improved data management.
As your data becomes centralized and managed by the platform, it becomes much easier to manage your data and your business users. This means that you can rest assured knowing that no information will be lost if a system crashes or an employee leaves the company.
How do I get started with BI business apps?
If you would like to build an app with your business intelligence platform, it’s important that you first choose a BI vendor.
There are several BI vendors on the market today, and each offers its own unique features and benefits. Conduct a careful review of different platforms before choosing the best one for your team.
Next, determine what type of app you would like to build. This can be done by thinking about the data you need access to and the business questions you want your app to be able to answer. Once you have a clear idea of what you need, work with your BI vendor to design and build your app.
Enhance your business with data-driven BI apps today.
The benefits of using a BI platform for your business apps are clear. By developing your app with a BI platform, you can take advantage of powerful data analysis tools, enhanced security and governance, and reduced time to market. In addition, you can rest assured knowing that your data is centralized and managed by a platform. Learn more about BI platforms today and find the perfect one for your business needs.
