{"id":994,"date":"2014-11-27T06:33:38","date_gmt":"2014-11-27T06:33:38","guid":{"rendered":"http:\/\/www.purpleconnect.com\/website\/?page_id=994"},"modified":"2014-12-09T12:25:53","modified_gmt":"2014-12-09T12:25:53","slug":"business-intelligence","status":"publish","type":"page","link":"https:\/\/www.purpleconnect.com\/website\/our-services\/business-intelligence\/","title":{"rendered":"Business Intelligence"},"content":{"rendered":"

In a business world, governed by information, where does information really come from?
\nBusiness intelligence, is a collection of tools and techniques used to transform raw facts and figures otherwise known as data into more useful, information. Business Intelligence systems use large quantities of data, to produce information that\u2019s aid to maintain and develop a system and even discover business opportunities. Some common functions of a business intelligence system are listed below:
\n1. Generating reports\"Business<\/a>
\n2. Online Analytical Processing
\n3. Analytics
\n4. Data mining
\n5. Process mining
\n6. Complex event processing
\n7. Business performance management
\n8. Benchmarking
\n9. Text mining
\n10. Predictive analytics
\n11. Prescriptive analytics<\/p>\n

Not sure how Business Intelligence can help improve your business?<\/strong><\/p>\n

Get answers to your critical business questions – faster!<\/strong>
\nBI System provides data at the moment of value to your company. Having a Business Intelligence system in place, you\u2019ll be able to extract just the right information at rapid speeds! When you can get your hands on the information that means the most to you at the time, you can spend more time to efficiently analyze information and make better decisions. For an example, you would be able to take a look at sales cycles and understand what\u2019s going to affect your business, and then take a course of action with higher accuracy and efficiency.<\/p>\n

Align business activities with corporate strategy<\/strong>
\nGurus in the business sector, often say that one major reason for organization to fail, is because people at the lower levels, don\u2019t understand what the companies goals, strengths, visions and strategies are. Sometimes, even if they do, people don\u2019t have a good understanding about how to align their own work or departments work with the organization’s goals and visions. This results in huge losses both in terms of monetary assets and also opportunity costs.
\nWith Business intelligence, company leaders can establish metrics and key performance indicators aligned with the organizations strategy. BI software would help provide visibility and drive accountability and bring alignment of activities and outcomes with the desired strategic objectives.<\/p>\n

Empowering employees<\/strong>
\nThe more people have access to data and valuable information, the greater value organizations will derive as a result. Business intelligence systems allows businesses to maximize information capital and turn every employee into a good decision maker. With the relevant real-time information, individuals have the ability to make data driven, informed decisions that push organizations towards success!<\/p>\n

Reduce time spent on data entry and manipulation<\/strong>
\nA strong business intelligence system, if well configured can help eliminate the time spent copying and pasting data to make calculations. With BI\u2019s everyone would work on the same platform, enter data into a system where everyone else would be able to access it. Report generation would be able to be completed much faster thanks to this concept. The time that would have been used to generate the report can now be used to analyze the outcome and drive better, more profitable decisions.<\/p>\n

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