Topics on Business Intelligence for beginners

Business Intelligence:

• Business intelligence is an innovation driven process for analyzing information and displaying actionable data to encourage officials, directors and other corporate end clients settle on educated business decisions.
• The objective of using BI for your business is to enhance your visualize of your hierarchical activities and financial status to more readily deal with your business.

“Business Intelligence (BI)= Accumulation+ Analysis + Reporting + Budgeting + Presentation”

Types of BI:

• Strategic Business Intelligence
• Operational Business Intelligence

Benefits and Advantages of Business Intelligence:

• More accurate with faster reporting, analysis or planning
• Better business decisions
• Improved data quality
• Improved employee and customer satisfaction & operational efficiency
• Increased competitive advantage
• Reduced costs
• Increased revenues
• Saved headcount

Disadvantages of Business Intelligence:

• Piling of Historical Data
• Cost
• Complexity
• Muddling of commercial settings
• Time Consuming Implementation
• Limited Use

choose BI is the for your business. Read more blog related of Small Business.