If your company still makes decisions based on guesswork or without solid information, it’s time to implement a Business Intelligence (BI) process .
Having data on results, growth, market movements and many other information that can make your business even more competitive and aligned with success metrics is everyone’s dream.
Do you want to understand how these benefits are linked to Business Intelligence and how its implementation can positively impact your company?
Then continue reading this content and learn all about BI!
What is Business Intelligence?
Focused on bringing results and brother cell phone list advantages, Business Intelligence (BI), or Business Intelligence in Portuguese, is responsible for collecting, analyzing and processing corporate data to make better decisions .
Your process can be viewed in 4 major steps:
- Collection: definition of useful information to be collected;
- Analysis: definition of metrics based on data collection;
- Sharing: transformation of information into visual materials (e.g.: Dashboard);
- Monitoring: checking for new opportunities, movements and alignment with the organization’s purpose.
With this data in hand and in-depth analysis, BI becomes an important tool for generating insights, building effective strategies and positively impacting the company . Generating end-to-end changes.
Having easy access to dashboards containing historical and current information about the corporation, a complete view of the performance of campaigns, teams and marketing actions, or even real-time monitoring of new sales, are just some of the possibilities for using this resource.
In addition to guiding the path towards assertiveness, Business Intelligence helps to avoid the expenditure of unnecessary resources or efforts , making data a guide for carrying out better business maneuvers.
With this solid database in hand, the company is heading towards a prominent position and is even more competitive in its segment.
Benefits of BI
By processing a range of data (from different sources) simultaneously, this information collected and analyzed by BI is 4 methods that criminals use to hack your whatsapp and you wouldn’t even imagine into rich discoveries, with the aim of sharing and visualizing it in an easy and intuitive way.
We have listed for you some of the benefits found by companies that guide their decisions by data . Check it out:
- Greater efficiency in operational processes;
- Closer monitoring of performance and results;
- Comparison parameter between data (historical and current);
- Easy-to-access dashboards with real-time updates;
- Insights for building assertive strategies.
Now that you know some of the benefits associated with Business Intelligence, learn how to take the first steps towards its implementation .
How to implement Business Intelligence?
Attracting the interest of cnb directory companies, leaders and managers, the possibilities of BI become an inherent desire in the development of the most varied businesses.
Internal and external information to the corporation ends up becoming a consideration for future decision-making.