Business intelligence (BI) represents tools and systems that play a key role in the strategic planning process within a corporation. These BI systems allow a company to gather, store, access and analyse corporate data to aid in decision-making. Generally, these systems will illustrate business intelligence in the areas of customer profiling, customer support, market research, market segmentation, product profitability, statistical analysis, and inventory and distribution analysis to name a few.
Most companies possess and collect large amounts of data from the different business operations. Most business still rely on traditional programs such as Excel, Access and other database applications to analyse the huge amount of data. These are also done in isolation and companies ends up with multiple reports or software programs that make it difficult to consolidate information, analyse it and make strategic business decisions. It is here where Business Intelligence plays an important role as it allows business to collate information into one platform that allows for quicker and faster business decisions and reduced human resource time and input.
The BI implementation can benefit your Business giving you more information quantity with high level of quality in less time:
SOQ Solutions assist customers with Business Intelligence selection, execution and solution implementation: