In today’s world where businesses are constantly seeking competitive advantages in a competitive and dynamic business environment, with business intelligence tool, you have a shorter route to achieving it.
Trends has shown that the future would be driven more by digital economy, this is making businesses to be more data-driven in-line with the future.
According to Forbes Insights & Qlik, 64% of business executives said business intelligence creates a significant competitive advantage. Also, in the same survey, 63% of the respondents said analytics enables users within organizations to develop more visually interesting analysis.
The array of data collected or derived can improve business processes, plan for the future, enjoy higher sales and also build strategic relationships.
BELOW ARE SOME WAYS BUSINESS INTELLIGENCE CAN ELEVATE YOUR BUSINESS.
#1 | BETTER DECISIONS WITH IDENTIFIED KEY TRENDS.
With the availability of improved technologies and methods, data collection is easier than before for companies.
Plan strategically for growth and change with tools that help you identify key trends and patterns. Spot opportunities for innovation and improvements in productivity in every area of your company.
The management can optimize operational processes, marketing strategies, understand cash flow better e.t.c.
#2 | UNDERSTANDING YOUR CUSTOMERS.
It is no news that the market trend has changed from product-centric activities to customer-centric approach. Focus your products and/or services to what the customers want.
You need to understand your customers buying patterns, behaviours, complaints, where they spend more time, how they interact with your business. This in turns helps your marketing and sales teams to advertise and close more deals.
All these can be done with a software like Sage CRM.
#3 | EASILY BUILD YOUR REPORTS
Change report fields in seconds to give you key information.
Bring your business data to life using charts and graphs.
With powerful analytical tools like Sage Business Intelligence to inform your decision making and share business data widely across your organisation.
Reach out to us if you want to here if you want to set it up.
REFERENCE: Forbes Insight, Sage, ERP News