Business Intelligence (BI) represents the tools and systems that would play a key role in the strategic planning process within your corporation. It leverages software and services to transform data into actionable insights that inform an organization’s strategic and tactical business decisions.
BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends that inform management decisions.
Business outcomes of Business Intelligence include:
- Faster and more accurate reporting,
- Analysis or planning
- Better business decisions
- Improved employee satisfaction
- Improved data quality top the list
Benefits achieved least frequently include reducing costs, increasing revenues and reducing IT headcount. When we develop or improve your BI solution, we advise on dashboards layout and recommend reports and KPIs that can give a broader view of your business. Besides, we blend business intelligence with business analytics so that your BI solution could create forecasts and even prescribe actions.
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