What is BI tooling?

BI tooling stands for Business Intelligence tooling. As the name may suggest, it's a way to take businesses to the next level. And that's exactly what it is! BI tooling is a way of working in which software is used to collect, process and analyze data, so you can make strategic business decisions based on it. We tell you more about it and give examples, so you can start using it in your organization too.

BI tooling: what is it?

BI tooling, or Business Intelligence tooling, is the use of software tools to collect, process and analyze data. It lets you process large amounts of raw and unstructured data in a way that turns it into valuable information. And based on that information, strategic business decisions can be made.

Making data-driven decisions with BI tooling

Using BI tooling in your business is almost always a good idea. That's because it lets you back up your decisions: after all, you use historical data to make certain choices. For example, you can make forecasts about busyness, stock, staff management and revenue in certain periods. And you can link this information together to fine-tune your operations.

How do you use BI tooling?

Maybe you want to get started with BI tooling yourself, but have no idea where to begin. Understandable. It's good to know that there are countless BI tools on the market, each with its own strengths. You may have heard of the well-known Microsoft Power BI, which lets you generate automatic reports about your operations. Its focus is on easily sharing information with the rest of the team. Qlik is another well-known BI tool, which lets you choose which data you want to add to the dashboard. And there are many more BI tools!

What are the best BI tools?

The best BI tool depends on your business, your goals and the problems (or challenges) you face in your operations. It's good to know that there are both paid and free BI tools on the market. Keep in mind that few things in life are free. It's about important and confidential data, so always choose a platform that handles your business data confidentially and securely.

An example of using BI tooling

At Dyflexis, we notice that some companies run into the specific problem of good staff scheduling. That's why we developed a BI tool that supports this. It not only saves you a lot of stress and time, but also helps your revenue grow, because you make the right choices in this area. Here's an example of BI tooling. Challenge: a restaurant has to make sure the right stock and the right number of staff are present at certain times. BI tooling: our Workforce Management BI tool uses historical data and forecasts to get a grip on perfect staff scheduling and time tracking. Factors taken into account: the analysis takes into account, for example, periods when many employees are sick. It can even make predictions about stock (forecasting), and the weather forecast is also included and linked to earlier moments (cross-calculations) to predict the desired staffing level. Result: understaffing and overstaffing are prevented, so you get perfect staff scheduling and stock. That way, customers are and stay satisfied, and revenue goes up, because you optimize your business decisions with BI tooling. Does BI tooling appeal to you, and would you like to get to know the Dyflexis Workforce Management System for optimizing staff scheduling? Contact us or request a free demo!