April 1, 2013

The Benefits of Business Intelligence

A well-executed Business Intelligence program raises the overall competitiveness of the company. Below are examples of business benefits:

  • Ability to take corrective action proactively if some aspect of the business is not on target. Avoid crises.
  • Gain insight into which products sell the best in which market
  • Gain insight into customer behavior
  • Get visibility into your supply chain
  • Improve your forecasting ability
  • Develop the ability to predict outcomes in sales, customer service, manufacturing etc.
  • Reduce amount of work required to get the data needed to make decisions
  • Ability to undertake performance improvements because of availability of data
  • Achieve common definitions of your key business metrics