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Tag: Business Intelligence

The Fundamentals of Deploying Business Intelligence Software

The Fundamentals of Deploying Business Intelligence Software

Business
Data has become a critical asset in everyday business. Business intelligence lets organizations leverage data fully by offering visible insights into the available information. It also provides companies with unique competitive advantages— when done right.  Deploying business intelligence software, you’ll gain potentially overlooked insights from essential data, which can offer vital advantages to your operations. BI software also makes it easy for enterprises to monitor the copious amounts of data they collect.  With all of that said, deployment is everything. A single misstep could lead to budget issues, delays and data misuse. The following processes are key to the successful implementation of an actionable BI strategy. Identify Objectives Before you do anything with your data, ...
What is Business Intelligence

What is Business Intelligence

Business
Business intelligence may be best defined as a bundle of sensitive information collected to aid the company management evolve appropriate strategies to combat competition and increase market share. Components of Business Intelligence The various types of information that constitute business intelligence may be broadly listed as: Market Analysis Reports – to meet people in the marketplace and obtain from them the public perception of one’s business image and product range as also the general market opinion about competitor’s products/ services. Customer Feedback Reports – To meet the regular customers and ascertain from them feed back information about the company’s products/ services and what further improvements the customers expect. Competitor Activities – This is basi...