The potential benefits of business intelligence programs include accelerating and improving decision making; optimizing internal business processes; increasing operational efficiency; driving new revenues; and gaining competitive advantages over business rivals.
Business intelligence can provide more accurate historical data, real-time updates, synthesis between departmental data stores, forecasting and trending, and even predictive ‘what if?’ analysis,” eliminating the need to guesstimate.
Get insight into customer behavior:
It allows companies to gain visibility into what customers are buying (or not), giving them “the ability to turn this knowledge into additional profit” and retain valuable customers
Get faster answers to your business questions:
By taking the time needed to properly map and plan business transformation projects, organizations can greatly reduce the risk of moving to a new ERP system and significantly increase the probability for success.
“BI users can quickly get answers to business questions, rather than spending hours reading through volumes of printed reports.