Business Intelligence FAQs
How Business Intelligence Helps in Business?
Business Intelligence (BI) helps businesses to gain actionable insights and do more with their data, without necessarily having technical skills. This is done by taking raw data in real-time and turning it into valuable and reliable information. Giving businesses the ability to make better-informed business decisions, faster. These decisions could be related to:
- Identifying ways to increase profit
- Studying customer behaviour
- Comparing competitor data
- Tracking performance
- Optimizing operations
- Forecasting
- Analyzing Market trends
- Uncovering potential problems and areas of improvement
- And more
Business intelligence systems are capable of providing insights into historical, current, and future data. BI tools then present the found data in a variety of formats such as reports, summaries, dashboards, maps, graphs, and charts. These formats are able to provide detailed insights into the business and performance at a glance.
For more information about BI, visit our dedicated Business Intelligence resources page. If you would like to learn more about how BI can help improve business performance, check out this blog.
Meet Our Specialist
James Tang
James is a Senior Certified Consultant and a member of the management team at BAASS. James brings forth a high level of experience in Project Management, Business Analysis, and Technical Pre-sales. He has performed over 150 successful conversions to Sage 300 ERP and holds a professional designation as a Certified General Accountant (CGA), and Honours Bachelor of Commerce from the University of Toronto.