Business Intelligence (BI) and Reporting are closely related and overlap in many cases. At Adaptivity, we believe that BI deserves special attention because BI facilitates in-depth analysis and provides insights not normally seen through traditional reporting that help your business adapt quickly and efficiently to a changing world.
BI comprises the strategies and technologies used by enterprises for the data analysis of business information and can provide historical, current, and predictive views of business operations. The range of available technologies provide various capabilities including reporting, online analytical processing, analytics, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics. Generally, these technologies can also handle large amounts of structured and sometimes unstructured data to help identify, develop, and validate new strategic business opportunities. Ultimately, they aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.
Adaptivity can help your organization adapt. Whether it is helping with the BI technology or helping your organization make your data available to your BI tool of choice either through direct connection to the OpenEdge database or by replicating the data to a SQL database. Real time replication of key business data to a reporting database instance can also eliminate the issues that federated reporting and ad-hoc queries can pose to your transactional system.
“The ability to focus attention on important things is a defining characteristic of intelligence.” – Robert J. Shiller, Irrational Exuberance