The benefits of bussines intelligence tools

The benefits of bussines intelligence tools

Professional software and tools offer various prominent benefits, here we will focus on the most invaluable ones:

1. They bring together all relevant data: Whether you work in a small company or large enterprise, you probably collect data from various portals, ERPs, CRMs, flat files, databases, APIs, and much more. You need to obtain a high level of data intelligence to be able to manage all these sources and develop a better understanding of the collected information. That’s why utilizing modern data connectors will help you in centralizing the disparate sources and provide you with a single point of view on all your business processes. That way, identifying issues, trends, and taking action are closely connected and based solely on data.

2. Their true self-service analytics approaches unlock data access: When each person in the company is equipped with modern business intelligence software that will enable him/her to explore the data on their own, the need to request reports from the IT department is significantly reduced. This self service BI approach gives organizations a competitive advantage because each employee will be equipped with the right amount of data analytics skills that will, ultimately, save the company’s time and resources while unburdening the IT department, hence, enabling them to focus on other critical tasks.

3. Users can take advantage of predictions: Predictive analytics doesn’t need to be a specialty of data scientists or analysts. With the integration of forecast engines business users can generate insights for future scenarios that will help them in adjusting current strategies to deliver the best possible results. On the other hand, if a business condition changes, intelligent data alerts safeguard the anomalies that can occur while you manage huge amounts of data, and discover new trends and patterns that will enable you to react immediately.

4. They eliminate manual tasks: While traditional means of business management encourage the use of spreadsheets and static presentations, modern software eliminates endless amounts of rows and columns and facilitates the automation of processes. Need a report? The tool updates your KPI dashboard itself with real-time data. Besides, you can automate the reporting process with specified time intervals and purely look at the results. Need a presentation? Simply drag-and-drop your values and see how you can easily create a powerful interactive dashboard that enables you to directly interact with your screen.

5. They reduce business costs: From sales planning and customer behavior analysis to real-time process monitoring and offer optimization, BI platforms enable faster planning, analysis, and reporting processes. In fact, according to a survey conducted by the BI survey, more than 50% of business intelligence users reported that these are the most prominent benefits that helped them reducing costs, and increasing revenues. If you can work fast and accurate, you can achieve far better business results and make profitable adjustments.

6. They’re constantly at your service, 24/7/365: Various organizations require various needs and the Software-as-a-Service model offered by these tools will provide a full SaaS BI experience, with all the data hosted in a secure online environment. According to your needs, the software can scale or de-scale, thus, adjusting to the specific needs of a company. Since the data is stored on a cloud, you have non-stop access to the software, where you can fully explore various self-service analytics features no matter if you’re a manager, data scientist, analyst or consultant.

These businnes intelligente benefits are focused both on small companies and large enterprises. If you need to control your data and know what’s going on in your company, BI is the way to do so. To help you on the way, we have created a business intelligence tools list that not only will ensure your data management and discovery become intuitive and easy to use, but also stay secured and guarantee a higher level of productivity, and, consequently, increased profits.

For example, a company which is located in United Kingdom  has achieved amazing results using the benefits of bussines intelligence tools. 
What the say about it :

`Engineering has allowed for enormous gains and continues to be an exciting environment for a freelance design  company.  Direct experience in the aerospace and fabrication industries provides a good balance of knowledge that we can apply to solve the engineering challenges clients present to us daily. 

?These experiences allow for innovation, designing whole systems or specific mechanical items which achieve the goal under objectives provided by the client.

?Naturally with commercial experience we are able to spot potential in a design to advise how to move it on or where savings could be made, either financial or mechanically. We have worked with all manner of materials throughout our careers and within personal hobbies, cutting, welding, fabricating as well as precision engineering are all disciplines we have hands on knowledge of.
Enginering design

• Tool to use alongside existing engineering techniques
• Analysis tools available to check designs
• Removes the pressure of solving challenges on site
• Multiple options can be presented, for customer selection

Published by Oksana Kvitka


No comments yet.

Leave a comment