The key benefits

of Business Intelligence and Data Analytics

Here is a breakdown of the most obvious benefits of implementing Business Intelligence software in your business:

It removes guesswork.
With Business Intelligence, you are given accurate, timely data, updates, trending and forecasting means and even allows you to predict “what-if” scenarios, therefore removing the need to guess or estimate and allows you to make informed decisions.

Gives you quicker responses to your business-related queries.
You can get immediate answers to your business questions. You can make quicker decisions based on these responses without having to go through pages and pages of written reports and lose valuable time.

Obtain important business metrics reports whenever and wherever you need them.
With today’s business intelligence software, organisation can gain access to important company data such as business metrics, dashboards and other critical reports through mobile devices. As long as there is Internet access, important business data can be accessed and actioned by key people from the organisation.

Self Service
With Self service solutions, business users don’t have to depend on IT entirely to be able to access data and create dashboards, rather, they can access key metrics and reports. If you use a governed self-service BI tool, then you allow all users to benefit from BI, but maintain only one version of the truth.

Successfully track KPIs
By getting alerts and notifications every time data changes regarding a specific KPI. If the data changes, you get notified and can drill down to see why it happened and what can you do to fix it.

Organisational Improvement
In both the Public and Private Sector, when a BI system is put into place, you are given the ability to make detailed insights into your organisations performance. Good BI allows you to analyse exactly how each business unit is doing and gives you insights as to how to improve them

Develop efficiency.
Many organizations employ multiple people to examine information from within their different data sources to produce weekly, monthly and ad hoc reporting. A BI system can save much time and energy while removing inefficiencies from the process, increasing accuracy while significantly reducing reporting cycles and unnecessary overhead.

Gain a better understanding of your business’ past, present and future.
One of the biggest strengths of a BI system is letting you know your business stats over a given period of time, good Business Intelligence provides the right information to the right people at the right time

Pinpoint up-selling as well as cross-selling opportunities.
Business Intelligence platforms enable you to make use of valuable customer data you will understand customer behaviour better that will, in turn, help increase Sales, cross-sell and up-sell goods at the most appropriate client touch points and increase profit.