What is Business Intelligence?
The transformation of raw data into useful and meaningful information . In order to effectively manage business processes. Using a set of technologies and tools, is the basis of the concept of Business Intelligence.
Essentially, Business Intelligence is commonly used in cell phone database many companies as part of the decision-making process. To support key operational decisions or for more strategic decisions. Which may include business objectives. Goals or specific business priorities.
The goal is to enable better and easier interpretation of large amounts of data.Combining internal and external data provides a more complete picture of the business. However, Business Intelligence goes beyond the collection and processing of large amounts of data.
Data collection
Business Intelligence analyzes all activities and aspects of the business to determine the key points that drive the business , such as productivity or market opportunities.
Processing and analysis
All data collected through Business Intelligence is organized and analyzed to facilitate decision making.
Monitoring
Once a decision is made, based on the data analyzed, the results are monitored.
Running a business efficiently means making the best decisions. Business intelligence data analysis for decision making depends not only on the entrepreneur’s skills and knowledge, but also on technological support , such as Business Intelligence.
Advantages of Business Intelligence for your company
The knowledge and information provided by Business Intelligence tools is a diamond in the rough for optimising said information and turning it into a key piece in the business decision-making process. In business intelligence, as in life, what works for some companies cannot be applied to others. Not in vain, at Quantic we want to highlight the benefits of establishing a Business Intelligence process in your company.
Increased efficiency
Business Intelligence automates the corresponding processes with the aim of making the work of employees easier. Not only that.But it also minimizes the possibility of making mistakes. Analyzes the information and allows workers to dedicate their efforts and time to what is really important for the company.
Greater agility in decision making
Thanks to the sieve it submits to all the information that a company handles, it will facilitate the company’s decision-making. Through graphs and dashboards you will be able to have relevant, credible, updated data presented in a very visual and dynamic way. In short, Business Intelligence will expand your business scope and the strategic vision of managers.
Elimination of manual control and greater response
Business intelligence , through the automation of your processes, will provide the virgin islands send necessary information to keep track of all business activities. Along these lines, you can incorporate an alert system to send a warning in the event of any unforeseen event. This will avoid constant supervision and improve the productivity of your employees.
and improve our decision-making process. At the same time, by using these technologies, it is possible to increase operational efficiency and identify new profitability opportunities and market trends. And you, what other advantages do you think a Business Intelligence strategy brings ?