There are many smart dashboards and BI tools available today. but how does one evaluate the intelligence (IQ) of the tool they use?
This is an approach to cover different aspects to quantify and understand the parameters for IQ computation of a dashboard.
4 minute read here. to get this conversation started:
https://sandeeppandey100.medium.com/assess-the-iq-of-your-bi-tool-8cebc9970f17
Dear Snigdha Gupta ,
Look the link, maybe useful.
https://www.bitool.net/software/sybase-iq.html
Regards,
Shafagat
Please vote here:
https://www.linkedin.com/posts/snigdha-gupta-88a31a45_data-strategy-dataanalytics-activity-6753248094042808320-nKGU
As a next step, we are conducting a research and quick survey to capture the user quantification of their current BI tool and measure its IQ.
We are planning to conduct multiple research studies, to determine and deep dive into the aspects that can help us quantify this intangible value for a BI tool better.
Dear Snigdha Gupta ,
Look the link, maybe useful.
https://www.bitool.net/software/sybase-iq.html
Regards,
Shafagat
I guess that a BI tool is as "intelligent" (IQ level) as the algorithm efficency, or the amount of relevant data, that you can give to it.
Business intelligence (BI) tools are types of application software that collect and process large amounts of unstructured data from internal and external systems, including books, journals, documents, health records, images, files, email, video, and other business sources. https://azure.microsoft.com/en-us/overview/what-are-business-intelligence-tools/
It’s really important to know- the IQ of your Business Intelligence tool. Can it really predict my business outcomes with good accuracy? What powers my visualisation dashboard? How does one react to the changing real-time graphs on the large screens? How to read between the lines in your daily business health reports and much more. We often see these reports but mostly don’t react in real-time due to limitations of our BI tool. https://sandeeppandey100.medium.com/assess-the-iq-of-your-bi-tool-8cebc9970f17
The IQ of the BI is usually measured by its ability to provide following answers:
Real-time thresholds and benchmarks: Fast changing environment needs dynamic computations to measure and update the thresholds and not static. Highlight and capture a shift in environment early on to prepare for the future and mitigate risk.
Diagnostics & measure: How good is it to measure the causality? Can the tool capture the impact and synergy of different parameters from data sources that impact the business metrics?
https://sandeeppandey100.medium.com/assess-the-iq-of-your-bi-tool-8cebc9970f17
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