Strategic importance in company. According to GPT, Business Intelligence (BI) is the process of collecting, analyzing, interpreting, and presenting business data. The purpose of Business Intelligence is to support companies in making better decisions by providing them with comprehensive and understandable information about their business.
Business Intelligence helps organizations understand their business
Identify trends, monitor key performance indicators (KPIs), forecast future trends, and make effective strategic decisions.
Business Intelligence enables companies to better ig database understand data, leading to more effective decision-making and achieving business goals.
According to Oracle, BI is business analytics that allows organizations to make better decisions and informed actions and implement more effective business processes.
BI functions enable:
- collecting current organizational data
- presenting data in readable formats (such as tables and charts)
- timely delivery of data to the organization’s employees
In my understanding of BI, the most important ones are, in order of importance:
- customer analysis
- customer relationship analysis
- analysis of relationships in the team of employees
- analysis of processes in the organization
- analysis of products/services against the competition
- analysis of offer templates
- analysis of trends in the domestic market and worldwide
Why this order?
We have the greatest influence on improving our own organization, taking into account changes in the environment.
After analysis, conclusions, recommendations and changes are very important.
In Business Intelligence, the most important thing is an introduction to beijing wechat official account customization analyst with extensive experience in business processes. Tools support analysis, planning and making better decisions.
A good business analyst is a person who is not permanently associated with the company. This guarantees a broader view of the company’s business. A good practitioner will bring many new solutions to the organization.
Importantly, an experienced analyst will help the management set priorities for actions according to the level of importance.
An external analyst is also necessary when the company employs a person in this position.
In order to choose a good analyst, it is worth verifying 4 key aspects:
- His successes so far.
- A breadth of view of the organization and business processes.
- Forecasting growth and improvement in organizational performance.
- Time to analyze and present effective solutions.
A good analyst has helped many companies achieve great success. After analysis, he will confirm what works well and present new solutions, including a forecast of KPI growth in a relatively short period of time.
Our experience shows that almost every company has untapped potential for further development. All you need to do is analyze the bulk lead key processes in the company well. Strengthen what works well. Add new effective activities. Direct part of the budget to Projects that will bring a higher return on investment. With good cooperation, there is a 100% guarantee of reducing costs and increasing revenues and especially profitability in the organization.