Business Intelligence: Key Tools and Role in Project Development

Business intelligence (BI) is a system of methods and technologies for collecting and analyzing data. It helps to identify trends, evaluate the efficiency of business processes, and adjust company development strategies.

In-depth analytics is essential for the successful implementation of a project. A thorough examination of internal processes, market trends, and customer needs enables the creation of products that align closely with business requirements.

Business intelligence tools

Requirements gathering and analysis

• Interviews and surveys to gather information from stakeholders and end users. The goal is to clarify product requirements, identify problems, and determine which features should be implemented.

• Brainstorming is a group idea generation technique that allows you to look at a problem from different angles and find alternative solutions.

• Workshops are structured sessions where participants discuss specific aspects of the project, share their views, and formulate requirements.

• Monitoring the actions of employees or users without active intervention to identify weaknesses, inefficient processes, or possible points for optimization.

Business process modeling

• UML (Unified Modeling Language) for creating graphical models of various aspects of a system: structure, use cases, sequences of actions, or interconnections of components. UML diagrams are used to visualize requirements and functions, and help the team better understand the product architecture.

• BPMN (Business Process Model and Notation) is a standardized visual modeling of a process in a flowchart. BPMN diagrams clearly show the algorithm for performing tasks and describe the goal, process steps, departments or roles involved, conditions, and tools.

Requirements management

• Jira is a project management system that allows teams to plan, track, and manage requirements. Jira supports Agile methodologies such as Scrum and Kanban, and provides tools for organizing work, reporting, and monitoring progress.

• Confluence is a teamwork tool for creating and sharing project documentation. By integrating with Jira, Confluence provides convenient access to requirements and task status.

Data analysis

• Power BI is an analytical platform for creating interactive reports and dashboards. It is used to analyze large amounts of data, visualize results, and identify trends.

• Tableau is a data visualization and analysis tool. It helps business analysts quickly create graphs, charts, and dashboards based on large datasets. 

The use of BI tools enables informed decision-making based on accurate data rather than intuition or assumptions. A comprehensive approach to requirements gathering and a deep understanding of a company’s internal processes are essential for creating solutions that meet business needs and drive growth.

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