Businesses using analytics are five times more likely to make better, quicker decisions, according to an article published on BetterBuys.To put the power of business intelligence into perspective, here are 4 key insights you should know: And there are business intelligence examples and insights out there that demonstrate that every notion.
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With the introduction of online BI, companies today have the chance to create additional value, and, ultimately, profit.Īt its core, business intelligence (BI) encompasses the strategies and technologies used by companies for the detailed online data analysis of key business-based information. Digital data, by its very nature, paints a clear, concise, and panoramic picture of a number of vital areas of business performance, offering a window of insight that often leads to creating an enhanced business intelligence strategy and, ultimately, an ongoing commercial success.īusiness intelligence steps up into this process by creating a comprehensive perspective of data, enabling teams to generate actionable insights on their own.
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