One of the most important needs of a business is a Business Intelligence (BI) system for critical requirements that cannot be ignored. A BI solution provides users the chance to better understand and analyse a business’ data from multiple systems. Providing insight and clarity across the organisation, whilst helping to identify possible problematic areas way before they become a concern allowing for corrective actions to be carried out. If you have a midsize company or business you can enhance the power of BI to become highly competitive and way ahead of your competition.
Avoid board room battles
In many companies, there’re so many versions of what’s believed to be the truth that mayhem cannot be avoided. If meetings with different departments across the organisation are turning out to be really chaotic as the involved parties argue about the right information, data, spreadsheet and figures or what department has the correct figures, it’s time to seek a suitable BI solution.
Are you able to carry out in-depth analysis?
There are a lot of details critical to a business and if they aren’t well known there‘ll be a problem. If your company has no clear idea of the outlets or areas with the best sales volume and clueless or wallowing in darkness concerning the specific products or services with the highest or best sales within a specific time frame or season, a BI solution is needed immediately.
A BI system is an effective tool capable of continuously providing the insight you need to ensure the most successful strategic plans for your business. With such a unique system, key trends can be easily identified including organisational data patterns that simplify the ease of connecting vital areas of a company that in most cases might appear unrelated. A BI framework ensures a company understands the different organisational processes and their implications. As a result, better opportunities for the business are easily identified simplifying the process of planning for a great future.
Unable to react to customer concerns fast
A BI solution can also report on unstructured data i.e. social media and can measure an ever increasing value ‘customer sentiment’. Therefore a BI solution is highly required if you have had a case of dissatisfied customers or clients who may have written negative comments about your organisation on social media, for instance. This will help you monitor social networks frequently and not sporadically to avoid any issue while creating a strong customer engagement and retention-you’ll avoid negative comments from going viral and damaging your brand, loyalty and credibility.
Enhance visibility
One of the best ways to enhance control on a number of critical organisational processes is a BI system. With such a system in place, you can make processes highly visible. If there’s a specific area in need of some improvement the system will highlight this to you. At the same time, the system can save you from skimming through hundreds or thousands of periodic reports and data pages as you try to assess the company’s performance. Accordingly, you’ll save lots of time whilst improving productivity due having a robust BI solution in place.
Here at TrustedBI we have an agnostic approach to BI solutions, we will assess your requirements and organisation and recommend the system which is right for you.
To discuss further please email us today: enquiries@trustedbi.co.uk or call us for immediate answers on 01628 421512.