How businesses can benefit from BI

How businesses can benefit from BI

Several companies nowadays rely on Business Intelligence or BI tools to analyze information generated by their business. These tools are either installed on computers or cloud-based and accessible on the Web. These applications allow users to ensure that everyone is on the same path with regards to achieving their business goals.

Three data terms explained

Three data terms explained

If there is one thing all businesses rely on it’s data. As the integration of new systems and features continues, the amount of data available to a businesses grows. In order to be able to get more out of this data, businesses have started looking at adopting Business Intelligence (BI) systems.

5 BI trends for 2014

5 BI trends for 2014

Business Intelligence – the collection and transformation of data into useful information that can be used to make better decisions – is one of the more important business processes, and saw continued popularity in 2013. Because of this increased use, there are a number of trends that we believe will be become favorable in 2014.

Here is an overview of the potential Business Intelligence (BI) trends we could see emerging and growing in 2014.

1. BI is more accessible

Historically, to get the most out of Business Intelligence you need to be experienced or to employ a data scientist.

Analyzing patterns in your business

Bi_Dec02_BIt’s not uncommon for established small to medium businesses to hit a bit of a wall when it comes to sales and growth. Often, after a period of great growth, businesses can begin to see sales and profits level off. This stabilization can be tough to break out of, especially if you want to continue growing.

Information + insight = smart business

BI_Nov05_BToday’s savvy business owner gathers information in a way that consistently reveals insights into corporate operations. Through careful and deliberate examination of all aspects of your business, a portrait can emerge that points the way forward toward a profitable tomorrow.

3 keys to successful data visualization

BI_Oct08_BDecision making can be among the toughest tasks to do when running a business. Make the wrong ones and you could see profits dip or customers disappear. In order to make better decisions, many companies are implementing Business Intelligence (BI). Because BI can utilize a lot of data, a common way to present is is by visualizing it.

BI – 4 mistakes companies make

BI_Aug09_BData has always been an important part of the decision making process in business, it’s also proven integral in day-to-day operations. That’s why the idea of Business Intelligence (BI) is starting to catch on with businesses. The ability to capture and analyze data is tempting, and when done correctly, it can bring massive benefit.