Business Consulting
business intelligence is to improve an organization’s business operations through the use of relevant data. Companies that effectively employ BI tools and techniques can translate their collected data into valuable insights about their business processes and strategies. Such insights can then be used to make better business decisions that increase productivity and revenue, leading to accelerated business growth and higher profits.
Benefits of business intelligence
A successful BI program produces a variety of business benefits in an organization. For example, BI enables C-suite executives and department managers to monitor business performance on an ongoing basis so they can act quickly when issues or opportunities arise
Key benefits that businesses can get from BI applications include the ability to
speed up and improve decision-making;
optimize internal business processes;
increase operational efficiency and productivity;
spot business problems that need to be addressed;
identify emerging business and market trends;
develop stronger business strategies;
drive higher sales and new revenues; and
gain a competitive edge over rival companies.