Do you know how to analyze?...

Business Intelligence is a tool that makes it possible to create value from data collected. This could include cloud services, dashboards, and strategies. BI can help you predict current and future business operation possibilities. Here a just a few ways that BI can help your company grow.

  • Analyzing customer behaviors, buying patterns and sales trends Improving delivery and supply chain effectiveness
  • Web and e-commerce data analytics
  • Customer relationship management
  • Risk analysis
  • Strategic value driver analysis
  • Measuring, tracking, and predicting sales and financial performance
  • Budgeting and financial planning and forecasting
  • Tracking the performance of marketing campaigns
  • Optimizing processes and operational performance

How would you know when it is the best time to use BI? BI is most often used when one would need to integrated multiple platforms, gain access to data resources, increasing the volume of daily users or customers, new products or services launched, and finally upgrades in technology at the worksite. The great thing is that all types of companies can benefit from BI. It is important to know, however, that BI also has competitive intelligence functionality. In other words, you can use BI to help scope out the competition of companies in the same area of expertise as you.

It would also be beneficial to have a Mobil BI as everyone are always on their phones. By going mobile you give the possibilities for remote workers to gain easier access when they are away from the office. As many businesses are going through changes because of the pandemic, one could see how this could be beneficial. Even though many are still not using mobile BI, it looks as if it could have the same potential as persuasive BI. Businesses are growing now more than ever. Keeping everyone informed will impact their understanding and performance. Having employees that understand the company on a deeper level can help to achieve new heights. Achieving Persuasive BI does not happen instantly. It is a build-up over time. It requires a lot of time and energy to conduct what services would work the best for each business. Making data-driven decisions can save your company time and money. Investments are great, they just need to make sure they are the right ones.