Business Intelligence is easily one of those hot button words in the business world. With the ever-advancing models, even the most technically inept person can understand it. That said they are extremely accessible, so the question isn’t how, but why! Here a few benefits to implementing a BI system:
BI Software takes out the guesswork and helps to order what you need when you need it. This is great because it eliminates the burden of you having to keep extra stock.
Knowing your stats over a set period of time is super beneficial! This information can be advantageous since it gives you insight into your customer’s behaviors and trends. It will also help you edge out the competition.
Trying to track down various data and merge/compare them to some sort of report that makes sense and gives useful information is a major time suck. A Business Intelligence System will take all of this data from one source and is accessible on one dashboard. It is then printed out in one neat, easy-to-understand report.
Going with your gut is not always the best option. You shouldn’t be gambling unnecessarily when it comes to your company. A BI system gives you accurate, streamlined, real-time data. So you can play out scenarios from a vantage point!