Business Intelligence Solutions
Do you know what is
going on in your business?
Do you realize how
inefficiently or
productively your business
can become if you took a
closer look into the
workings of your business?
Do you have any idea what is
going to happen to your
business in just a few
months? These are some of
the most asked questions for
any entrepreneur and it is
vital for them to be ready
with a strong stand.
Business Intelligence is the
ability to gather
statistics, data,
strategies, ideas and
convert all of these
resources into knowledge in
order to plan for furture
decisions. The main concept
of business intelligence is
to turn all of this hard
technical knowledge into an
easy and intuitive format so
that anyone can easily
understand the strategy at
play.
The Scorecard Approach
One of the most common ways
to implement a Business
intelligence system is the
use of a Balanced Scorecard
approach. This system links
financial and non-financial
elements of the company with
the company objectives. This
is done in order to ensure
that needs don't exceed your
budget. Each objective is
then expressed as a business
terminology which is then
associated with a metric
further divided to create
four separate categories for
easy understanding of the
system.
These four
categories are:
- Customer Services
- Finance
- Internal process
- HR
It may seem complicated but this is why we are here to assist you in the process and help entrepreneurs get an insight to their own business workings so their business can reach its full potential and exceed what you originally thought was possible for your business.
The Components of an Effective Business intelligence System
So what exactly do you need for an effective and efficient business intelligence system? There isn't much that you need, it's more about how to use what you already have. Business intelligence has the function of forecasting sales, getting business alerts, analysis of current market data and optimizing all business activities.
In order to do all of
this effectively, you need
three major tools:
The Technology
- When you
step into the market you
will find many softwares and
technology assistance for
business intelligence
systems, all with a hefty
price tag. How effectively
any system or software helps
your business doesn't depend
on how expensive of a
software you use, but on
which software caters to the
specific needs of your
business type. A proper
analysis of the Technology
and financial gap will help
you make this decision.
A Dashboard
- Dashboard is
perhaps the most significant
component of the Business
Intelligence system. It uses
all of the business, market
and third party data and
interprets them in a simple
and visual manner so that
managers or end users can
easily make sense of it. The
effectiveness of the entire
Business Intelligence system
depends on this core
function.
Time Series,
Alerts and Prediction
- Using
historical data to
predict future outcomes and
cash them in just the right
moment is the end function
of the Business Intelligence
system. Getting alerts on
business outcomes gives the
manager the chance to lay
out various options and use
the best option to maximize
business efficiency (
Optimzation).
So why
Use Business Intelligence
Center for internet
Marketing?
The internet is
the greatest source
of information today. From
consumer data to business
strategies, for all
information internet is the
greatest tool. One BIS tool
can be found in the cloud.
Cloud computing is an
application system that uses
remote servers and the
internet to maintain data.
With a little tweaking and
changes, the Cloud
application can become an
important part of your BIS,
which requires the storing
of large amounts of data or
Data warehousing. Cloud
based applications do just
that and with a little added
feature can help you
implement and understand the
data very easily making the
complex data very easy to
use.
Why Choose Us?
We might only set one or two
of our representatives in
your office for your
assistance, but you will
still have access to our
full of resources. Our
entire team of experts with
decades long of experience,
hard work and intelligence
of all of the market know
how would devise strategic
plans for your business so
that you can make viable
decisions today, to secure
your tomorrow.