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business intelligence

The concept is spreading rapidly across industries. Business Intelligence (BI) can be defined as a group of processes, architectures, and technologies which convert raw data into meaningful information.  That is, Business Intelligence is not one process, technology or department. It is a package of software and services that transform data gathered from various sources into intelligent activities.  Business Intelligence is a complex topic that involves several processes. However, it basically collects raw data from various sources over the internet and the different systems as well as registers in a company.

These pieces of data are stored on a single platform and optimized to take out irrelevant or repetitive content. Actionable insights are generated from these and implemented in business policies along with strategies. Several tools and software applications are used for this. These details narrated a brief overview of Business Intelligence for giving clarity to how it can help your company. SGS Technologie is a provider of Business Intelligence Solutions in Jacksonville, Florida. We recognize that you may to need understand more before you implement the concept in your company. Our BI subject matter experts have identified 6 ways through which BI can help your business.

1. Smarter Decisions

Every bit of information could be useful in finalizing decisions and business strategies. This cannot be explained with a specific example and the case of each industry needs to be considered.  In the case of banking; the frequency of customers withdrawing money, the age-groups, standard balances maintained in accounts, and more could be  helpful in revising business strategies. In case of telecommunication; information about the time that people make more calls, the durations of each call, the regions from which most calls are made as well as the regions to which most calls are made are also good examples.  Highlights in these examples are immense forms of data. Business intelligence helps collect them variant pieces of data, store and analyze them to give insights for smarter decisions.

2. More Knowledge of Customers

Various pieces of data gathered in a Business Intelligence process can give a good picture of customer preferences and latest trends. The world is changing and so are customers. Their needs along with expectations are transforming regularly. Customers no longer need what you want to sell them; but rather solutions to their problems. Business Intelligence helps you identify these problems. Data mining from various sources and Data Analytics enable you to see a common algorithm between these chunks of information. This is achieved through CRM tools that enable businesses find the best ways of reaching out to their customers with relevant offers.

3. Better Productivity

Business intelligence will facilitate the automation of daily tasks in your organization/business, be more organized and schedule tasks without much manual intervention. Insights can be drawn upon each employee’s performance, time spent at work, changes in routine, and behavioral patterns among others. The reasons for slower performances or decrease in quality can be identified soon and steps can be immediately be taken to rectify them. There will be no space for errors at the end or the inability to meet project deadlines.  Moreover, Business Intelligence processes also centralize the storage of all data in  your enterprise. Hence, any piece of information can be accessed easily without going through several manual files.

4. Increased ROI

CRM systems and other BI tools can help your business improve sales efficiency, sales deal conversion metrics and customer experience. Bulk data can be analyzed without taking much up time or resources. You will need lesser staff members to collect and analyze all these pieces of data. Hence, the amount invested on staffing is also reduced by a huge extent. Results will be of maximum quality and accuracy. This will ensure a much higher ROI.

5. Effective Business Model

This sums-up the advantages of Business Intelligence for your company.  BI gives you the data, market insights, statistics of customer buying habits, and even strategies of competitors.  With this amount of data will enable you to easily develop an effective business model. Everything from keeping your team ready, analysis of customer-requirements, developing business strategies, and analyzing performances can be done on a single platform in a lesser amount of time.

Conclusion

Business Intelligence will be useful for businesses of every industry and size. It isn’t expensive as widely believed and brings greater returns on investment in the long-run.  SGS Technologie has the expertise and qualifications to offer professional BI consulting services for you. Reach out to us for more.

Category

How Business Intelligence Can Help Your Business?


The concept is spreading rapidly across industries. Business Intelligence (BI) can be defined as a group of processes, architectures, and technologies which convert raw data into meaningful information.  That is, Business Intelligence is not one process, technology or department. It is a package of software and services that transform data gathered from various sources into intelligent activities.  Business Intelligence is a complex topic that involves several processes. However, it basically collects raw data from various sources over the internet and the different systems as well as registers in a company.

These pieces of data are stored on a single platform and optimized to take out irrelevant or repetitive content. Actionable insights are generated from these and implemented in business policies along with strategies. Several tools and software applications are used for this. These details narrated a brief overview of Business Intelligence for giving clarity to how it can help your company. SGS Technologie is a provider of Business Intelligence Solutions in Jacksonville, Florida. We recognize that you may to need understand more before you implement the concept in your company. Our BI subject matter experts have identified 6 ways through which BI can help your business.

1. Smarter Decisions

Every bit of information could be useful in finalizing decisions and business strategies. This cannot be explained with a specific example and the case of each industry needs to be considered.  In the case of banking; the frequency of customers withdrawing money, the age-groups, standard balances maintained in accounts, and more could be  helpful in revising business strategies. In case of telecommunication; information about the time that people make more calls, the durations of each call, the regions from which most calls are made as well as the regions to which most calls are made are also good examples.  Highlights in these examples are immense forms of data. Business intelligence helps collect them variant pieces of data, store and analyze them to give insights for smarter decisions.

2. More Knowledge of Customers

Various pieces of data gathered in a Business Intelligence process can give a good picture of customer preferences and latest trends. The world is changing and so are customers. Their needs along with expectations are transforming regularly. Customers no longer need what you want to sell them; but rather solutions to their problems. Business Intelligence helps you identify these problems. Data mining from various sources and Data Analytics enable you to see a common algorithm between these chunks of information. This is achieved through CRM tools that enable businesses find the best ways of reaching out to their customers with relevant offers.

3. Better Productivity

Business intelligence will facilitate the automation of daily tasks in your organization/business, be more organized and schedule tasks without much manual intervention. Insights can be drawn upon each employee’s performance, time spent at work, changes in routine, and behavioral patterns among others. The reasons for slower performances or decrease in quality can be identified soon and steps can be immediately be taken to rectify them. There will be no space for errors at the end or the inability to meet project deadlines.  Moreover, Business Intelligence processes also centralize the storage of all data in  your enterprise. Hence, any piece of information can be accessed easily without going through several manual files.

4. Increased ROI

CRM systems and other BI tools can help your business improve sales efficiency, sales deal conversion metrics and customer experience. Bulk data can be analyzed without taking much up time or resources. You will need lesser staff members to collect and analyze all these pieces of data. Hence, the amount invested on staffing is also reduced by a huge extent. Results will be of maximum quality and accuracy. This will ensure a much higher ROI.

5. Effective Business Model

This sums-up the advantages of Business Intelligence for your company.  BI gives you the data, market insights, statistics of customer buying habits, and even strategies of competitors.  With this amount of data will enable you to easily develop an effective business model. Everything from keeping your team ready, analysis of customer-requirements, developing business strategies, and analyzing performances can be done on a single platform in a lesser amount of time.

Conclusion

Business Intelligence will be useful for businesses of every industry and size. It isn’t expensive as widely believed and brings greater returns on investment in the long-run.  SGS Technologie has the expertise and qualifications to offer professional BI consulting services for you. Reach out to us for more.

Category : Technology

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