Ticino company business intelligence: 5 tools

Today we want to talk to you about Ticino's business intelligence and why it is important for the company.

We have already dealt in the past months with elements of business intelligence such as the pentest and thedata mining but today we want to focus on the general element.

Let's see what this article on Ticino's business intelligence company will be about with our index:

1.Business intelligence Ticino company

2. Why it is important

3.Business intelligence tools

4.The Stages of BI

Business Intelligence Ticino company

Business intelligence Ticino company

Ticino business intelligence refers to a set of processes and methods implemented to collect, store and analyse data from business operations or activities.

These aim to improve company performance by helping to make better, concrete decisions.

In recent years, the Ticino business intelligence company has developed to include different processes and activities in order to perform better.

These are:

  • Data mining: which is the use of databases, statistics and machine learning to reveal trends in large data sets.
  • Report processing: i.e. the sharing of data analyses with stakeholders in order to draw conclusions and make decisions.
  • Performance metrics and benchmarking: this is the comparison of current performance data with historical data. It is used to monitor performance against targets.
  • Descriptive analysis: the analysis of preliminary data helps to understand what happened.
  • Query execution: corresponds to the querying of data with specific questions, whereby BI extracts answers from the datasets.
  • Statistical analysis: We start with the results of the descriptive analysis, and explore data using statistics, e.g. how and why a certain trend occurred.
  • Data visualisation: We transform data into visual representations such as graphs, diagrams and histograms.
  • Data preparation: data sources with dimensions and measurements are prepared and identified.

So, as you can see, business intelligence is very important to understand how to proceed with data analysis.

To do this important work, you can rely on specialists in the field, such as GROT for example, who will be able to extract the data you need to grow your business.

To contact them and better understand the services they provide for you, simply contact them, by clicking here!

Why is it important?

Ticino's business intelligence is very important as we have said because it allows you to make the best decisions, based on current and historical data.

Analysts, as GROTcan exploit BI (Business Intelligence) to provide banchmark on performance and competitors.

They can also easily identify market trends that will enable you to increase sales or profits.

The ways in which Ticino's business intelligence can interact are innumerable; we explain some of them below:

Relation with customers

One area of application is the customer relationship. Thanks to Ticino's business intelligence and business analytics tools, the negotiation process with the customer becomes smoother and more predictable.

Planning

Another advantage of Ticino's business intelligence is being able to plan ahead, thus staying one step ahead of your competitors. The data that will be collected by the systems will help managers know where their business is in relation to different KPIs. Planning remains one of the most important steps in staying on top of the market and business intelligence makes it easier.

Data visualisation

Here, business intelligence tools use data science tools (data analytics) to analyse and manage data related to business operations. 

Reporting

Reporting is fundamental to business intelligence in Ticino. These reports can cover different areas such as personnel, expenses, customer service and sales.

Therefore, Ticino's business intelligence is important because thanks to it, timely decisions, advantages over competitors, lower costs and risks and much more can be achieved.

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Business intelligence tools

The efficient Ticino business intelligence company has the right tools to achieve this.

This can be done thanks to professionals such as GROTusing these delicate tools in the best way to create profit for your company.

Let us look in detail at five of these useful tools:

  1. Online Analytical Processing (OLAP). They are used to analyse large volumes of historical data with drill-down capabilities. This information is stored in OLAP cubes and can offer a multidimensional view of the data.
  2. Ad hoc analysis. They allow any user to make queries and generate reports to answer a specific question.
  3. Reporting. They provide a visual representation of the data extracted from a query as diagrams, maps and graphs. These offer various advantages such as increased speed, efficiency and accuracy of the reports used for analysis.
  4. Advanced analytics. They are used in data scientist to build predictive and prescriptive analysis models.
  5. Operational. This tool allows the processing of input data in real time, giving visibility and faster access to information for decision-making processes.
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The Stages of Business Intelligence

Ticino's business intelligence is usually divided into four phases.

Step 1. Information gathering. During this phase, data is prepared and collected through the use of in-person or online surveys, forms or questionnaires.

Feedback data can then be collected from clients, consultants and staff with privacy in mind so as to be more honest and reflective.

Step 2. Analysis. In this phase, data is transformed into useful information. We identify three types of analysis: that of the spreadsheet, that of specific data queries and finally that of visualisation.

Phase 3. Reporting. After analysing them, a report of these must be created, i.e. an ordered system of reports and documents ready to be used.

Phase 4. Monitoring and Forecasting. The last phase can then lead back to the first, namely the collection of information. Monitoring allows the user to view data and information in real time.

As you have seen, Ticino's business intelligence is very important indeed, but to make it useful it must be implemented by experts in the field such as GROT.

Don't wait any longer to contact them to realise your Business Intelligence and better manage your data.

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Camilla

Camilla

My name is Camilla Orlandi, born in 1985. A graduate in crime and security from the Catholic University of the Sacred Heart, I love writing and travelling. I have always been passionate about enigmas, detective stories, thrillers and criminal profilers. Is this my real identity or the one I created for myself as a secret agent?!

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