If you own or run a business, leveraging data is essential to your growth. However, processing and drawing meaning from large amounts of information can be overwhelming to even the most seasoned analyst. Business Intelligence (BI) is driven by technology and helps executives and managers analyze data, presenting information that is actionable and can contribute to informed business decisions.
BI mixes a wide variety of applications, tools, and methodologies that assist organizations with collecting data via both external sources and internal systems, prepare it to be analyzed, create and run queries against the data, and build reports, data visualizations, and dashboards, all the while making results accessible to operational workers and those making corporate decisions.
Benefits of Business Intelligence
Why would you want to spend money on BI? Business Intelligence programs provide the following documented results:
- Accelerated and improved decision-making
- Optimized business processes
- Driven revenues
- Increased operational efficiency
- Competitive advantages over other businesses.
- Increased awareness of market trends and business problems.
BI often includes historical information, new data collected from source systems, providing both strategic and tactical decision-making support. While at its inception, data analysts and IT professionals used BI almost exclusively, business executives and employees are now leveraging BI software, including self-service and data discovery tools, helping them to make informed decisions that benefit their organizations.
What Types of Programs Make Up BI?
Most BI reporting systems are made of up of various types of advanced analytics, including:
- Data mining
- Predictive analysis
- Text mining
- Statistical analysis
- Big data analytics
BI teams most often utilize specific tools to oversee queries and business data analysis, while advanced analytic projects are most often left to larger teams of data scientists and statisticians.
At Advisicon, we offer business intelligence tools to empower you to grow your business. From reporting software to analysis tools, our products contain everything you need to assess your business’ potential and make decisions that increase your ROI. New to BI? No worries! Our unique trainings offer in-person instruction on the use of each of our many software offerings, so you can learn, step-by-step, how to utilize each tool for your optimal benefit.
Our business is here to serve your business. If you are looking to increase profits and turn your business into a well-oiled machine, business intelligence reporting tools can help take you to the next level. We bet you have questions – and we’re here to answer them. Contact us today to sign up for a training or simply discuss our many options with one of our specialists.