Understand what Business Many companies have already reaped the benefits of using Business Intelligence (BI) in their day-to-day operations, based on a strategy that allows recent mobile phone number data to leverage systems and services in order to transform data into relevant insights. The result is strategic and conscious decision-making.
However, more than knowing in theory what this concept means, it is necessary to understand how to apply it to your business. Only in this way will it be possible to enjoy the benefits derived from it, which constitute, as the name suggests, business intelligence.
That’s why we’ve chosen to explain what BI is why robots and systems its impact on companies. In this article, you’ll learn the main details about this technology and how organizations benefit from this strategy. Interested? Keep reading!
What is Business Intelligence?
BI is a theory that guides how to collect, organize and analyze raw data in order to transform it into relevant information for the business. This process is done through specific software, which helps companies obtain useful insights for daily operations. From this, the decisions made are more conscious and structured.
For this purpose, BI combines methodologies, processes, technologies and information architectures with the purpose of improving the bgb directory of information outputs. This makes it easier to analyze, report and manage business performance, as well as deliver the correct information.
In this context, it is important to note that there are many definitions of BI — and most of them refer to the software used. However, the technology goes beyond that. It includes infrastructure, policies, procedures, and systems that guide managers to make smarter decisions.
What are the pillars of BI?
BI requires the application of three fundamentals to be put into practice:
- data collection, which is to assess key aspects, such as bottlenecks, opportunities, productivity, among other factors;
- organization and analysis, because the in a bank and presented visually to simplify decision-making;
- action and monitoring, which consists of making decisions based on the insights obtained, with subsequent monitoring of results to verify the success of the activity.
Within this scope, there are three pillars that support Business Intelligence. The efficiency of the practice depends directly on the application of these criteria, as well as its optimization and level of profitability. To understand how to work on these fundamentals, it is necessary to know them and understand that, despite being quite different, they are not mutually exclusive or independent.
