BI
Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions.
I work for Remita (we offer business intelligence services), and here’s a few key benefits that we’ve seen companies get from successfully leveraging BI:
Why Business Intelligence is important for a company ?
- Boost productivity: A better view of the job-specific information and tasks helps employees make more informed business decisions.
- To gain sales & market intelligence: By eliminating the worries of data replication and external reporting tools, companies can save valuable time and money.
- Results closer to established goals
- Return on Investment (ROI)
- Gain insights into consumer behavior
- To improve visibility and user experience: Employees can easily personalize their work style and individual information needs to gain clear-cut information for more productive decision-making.
- To turn data into actionable information
- Better performance control: The ability to analyze and monitor business performance using actionable BI with charts, reports, and performance indicators.
Business Intelligence is a combination of data research approaches and analytical capabilities that influence decision-making processes for the different verticals of an organization. An important aspect to be pointed out in this regard is the importance of analytics; data without analytics has no meaning and BI is incomplete until your data is filtered and looks meaningful.
I’d be happy to answer any questions or continue the conversation. Feel free to reach out to me directly at: oyebanji@systemspecs.com.ng