Business Intelligence is a collective term that describes how you and your organization can better understand your business and make better decisions by using methods and processes to extract and structure data and information .
The data and information that is extracted is usually visualized and tailored to the function in the BI tool so that decision makers can more easily understand, analyze, and make decisions based on the information.
Some environmental engineering companies often cambodia phone number resource use Business Intelligence to carry out single environmental licensing due to the precise information they can extract from their database.
This way, you get many advantages from this data organization method when making accurate decisions.
Why is Business Intelligence necessary?
The ability to monitor and analyze your operations creates conditions for maintaining quality and provides the conditions to work on improvements.
It also gives companies, such as scale calibration certificate companies , the ability to direct their resources to problem areas of the business or prioritize the most profitable areas and customers.
Some reasons to have effective data control and decision support through Business Intelligence are:
ability to see which customers are the most profitable;
identify unnecessary costs;
analyze deviations in a production process;
monitor sales trends during a campaign;
make rational decisions;
create time for real value creation.
Without effective decision support with a high degree of automation, the focus shifts from analysis to manual work that repeatedly collects information and makes time-consuming compilations, often just to be able to track basic key figures .
Time that could be used for analysis, improvement work and other value-creating activities.
So, in short, a company needs Business Intelligence to make the right decision at the right time.
What are the advantages of Business Intelligence?
Effective decision support makes it possible to measure, monitor and plan operations. There are many reasons why business needs to be measured, some of which are central to both the organization and the organization.
Better customer experience
When you have good control over the activities that involve your products, whether it is an industrial metal rack or company services, the opportunity to provide high-quality deliveries to your customers increases.
The ability to quickly detect and in some cases predict, for example, delays, poor product quality or other factors that are negative for the customer experience, gives you the opportunity to remedy them in time before they become a major problem.