What is Business Intelligence and How to Use It in Your Business
Posted: Mon Jan 27, 2025 8:57 am
Business Intelligence (popularly known as BI) is an area of data intelligence focused on the success and prospects of a business. Today, with so many expectations surrounding data science, BI has gained a lot of importance in the market.
Want to know more about it and understand how a good strategy in this regard can make a difference in your company? Check out this article from TargetData!
How does Business Intelligence work?
The main function of Business Intelligence in a kenya number dataset is to interpret the data obtained through certain systems.
The idea is to create, based on Big Data and data collection, documents (graphs, reports, dossiers) that show them in a more visual and intuitive way, stimulating general understanding of them.
This, however, is not done in any random way, with randomly decided dice.
When implemented, BI is focused on a specific objective. This can range from cost reduction to checking productivity and influence by area on final deliveries. It all depends on the company's needs.
Given this objective, which can change with each new project, BI will analyze the data and create documents that, later, generate some insights and ideas applicable to the business operation.
Therefore, Business Intelligence work culminates in helping decision-making, based on relevant information that is in line with the company's daily routine.
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How to implement BI in your business?
To start BI work in your company, you need to follow some essential steps:
choose a good internal data collection and analysis tool — it must be practical and complete, as well as compatible with your type of business;
rethink KPIs with a focus on the BI project perspective — if the objective of data analysis is to optimize productivity, the indicators should be entirely focused on this and, if possible, should be redone from the beginning;
Create a method for organizing data — regardless of how your company currently works with information, it’s impossible to implement an effective BI strategy if your data isn’t organized. Structure your data and unify its storage location for easy access.
Given all this, it is very clear that there must also be a change in the business mindset. Everyone must understand that, with the implementation of BI, data becomes more important and needs to be updated and checked frequently.
In order to ensure this, it is best to set goals and monitor all initiatives closely and carefully. This way, there will be no problems with missing or lost data, as it will become part of the organizational culture.
Do you understand better what Business Intelligence is and how it can influence your business? Check out more articles here on the TargetData blog !
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Want to know more about it and understand how a good strategy in this regard can make a difference in your company? Check out this article from TargetData!
How does Business Intelligence work?
The main function of Business Intelligence in a kenya number dataset is to interpret the data obtained through certain systems.
The idea is to create, based on Big Data and data collection, documents (graphs, reports, dossiers) that show them in a more visual and intuitive way, stimulating general understanding of them.
This, however, is not done in any random way, with randomly decided dice.
When implemented, BI is focused on a specific objective. This can range from cost reduction to checking productivity and influence by area on final deliveries. It all depends on the company's needs.
Given this objective, which can change with each new project, BI will analyze the data and create documents that, later, generate some insights and ideas applicable to the business operation.
Therefore, Business Intelligence work culminates in helping decision-making, based on relevant information that is in line with the company's daily routine.
banner blogpost lgpd
How to implement BI in your business?
To start BI work in your company, you need to follow some essential steps:
choose a good internal data collection and analysis tool — it must be practical and complete, as well as compatible with your type of business;
rethink KPIs with a focus on the BI project perspective — if the objective of data analysis is to optimize productivity, the indicators should be entirely focused on this and, if possible, should be redone from the beginning;
Create a method for organizing data — regardless of how your company currently works with information, it’s impossible to implement an effective BI strategy if your data isn’t organized. Structure your data and unify its storage location for easy access.
Given all this, it is very clear that there must also be a change in the business mindset. Everyone must understand that, with the implementation of BI, data becomes more important and needs to be updated and checked frequently.
In order to ensure this, it is best to set goals and monitor all initiatives closely and carefully. This way, there will be no problems with missing or lost data, as it will become part of the organizational culture.
Do you understand better what Business Intelligence is and how it can influence your business? Check out more articles here on the TargetData blog !
Share this entry
0