The big question is: What is the importance of business intelligence? Before diving into this, it’s important to understand the topic in itself. Business intelligence is the transformation of raw data into meaningful information for your business; the term encompasses the processes and methods of analyzing, displaying, and reporting from your business operations for the goal of performance optimization. Through business intelligence, organizations can have an all-around view of their business, allowing for better decisions to be made.Read More >
From HRIS to CRM to ERP, there are countless acronyms that make up the unique alphabet of business technology. Every business owner should be familiar with these acronyms that represent advanced software that is integral to running an efficient business. That said, there is one abbreviation that acts as the umbrella for all this software, and that’s BI.Read More >
As Chief Financial Officer (CFO), it is your responsibility to ensure the financial health and stability of your business organization. This requires a lot of time and energy spent searching for and analyzing business data, compiling information into tables and charts, and presenting facts to the rest of the C-level suite.Read More >
How do you think your company is doing in terms of performance? In what areas could you use improvement? If you are like most businesses, there are always improvements to be made, no matter how hard you have worked in the past to improve your performance.Read More >
The average business individual often addresses audiences who are unfamiliar with business presentation and inexperienced at data interpretation.
Your business intelligence system can be used to improve forecasting. Forecasting can be tricky in almost all industries. Changing business conditions, economic uncertainty, and shifts in supply and demand can make accurate forecasting more guesswork than science. However, with the data derived from your business intelligence system, you can forecast with greater accuracy and precision.Read More >