Sometimes, the beliefs and preconceptions we have about a topic are so ingrained in our minds that it is difficult to change them. However, many of these tend not to be based on reality or are simply half-truths. This happens in all areas of life, and of course aspects such as technology are not exempt from creating these myths. That's why in this post we decided to talk to you about the myths and truths of Business Intelligence.
With the arrival of concepts such as Artificial Intelligence, Internet of Things, Machine Learning or Business Intelligence, it has become a little more complex to define what we are talking about and what is the true scope of these tools. Let's start with the myths:
Myth: Business Intelligence is a very expensive tool for most companies.
Reality: Although in the beginning it was indeed an affordable tool for few companies, nowadays it is feasible to create fully customizable projects for any type of organization (even if it is a low-income one), given that there are currently free technologies that have made it possible to “democratize” BI.
In this regard, it is important to consider that cloud services have been a determining factor for this change, since traditional models of expensive and prohibitive licensing are no longer indispensable.
Myth: BI requires a complex, expensive, and difficult to maintain infrastructure.
Reality: The use of a network of remote servers connected to the Internet to store, manage and process data, servers, databases, networks, software, etc., or also known as Cloud Computing, has been the watershed for this myth to remain in the past.
Although Cloud Computing has the challenge of advancing at the increasing rate of data volumes, it is currently a very useful tool to avoid the use of complex or expensive infrastructure. In this sense, the cloud helps us to rent the services we need.
Myth: Business Intelligence can only be used by employees with a high level of responsibility.
Reality: Thanks to the “democratization” of BI that we have already mentioned, this tool can be used by any collaborator within an organization. In addition, it is important to note that data analysis systems allow access to functionalities and data to be filtered in a very detailed way, so that information is not endangered by the granting of permissions.
Now that you've debunked some of the myths of Business Intelligence, visit https://enki.mx/ how it can help your organization.
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