Data is very valuable for any business. It can help in decision making, planning, and more. Here, Business Intelligence comes into action. BI uses various softwares, applications, tools and services that enables access to and analysis of data. This improves and optimizes decisions and performances. Using Business Intelligence can help you to get more value by improving customer service, employee productivity, and more.
Following are the few ways one could get more value from Business Intelligence:
- Build real-time BI into your customer-facing services
- Improve employee performance through BI
- Improve Customer Service
- Predict new revenue streams
- Automate budgeting and forecasting
- Shift the emphasis to analysis
- Embed BI into other platforms
- Cut time wasted on data gruntwork
- Bring unstructured data on board
Read more about them at: https://www.cio.com/article/3254646/business-intelligence/9-ways-to-get-more-value-from-business-intelligence.html