This information then helps management make better business

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Thanks to the aggregation and analysis of data, BI allows managers and senior employees to have a comprehensive view of the business situation and supports intelligent and data-driven decision making. What is the importance of Business Intelligence? In general, the role of BI is to improve business operations through leveraging relevant data. Companies that effectively use BI tools and techniques can turn collected data into valuable information.  decisions. From there, businesses can develop effectively and have higher profits. What is BI? BI helps businesses make business decisions based on data If a business does not understand and lack support from Business.

Intelligence , they cannot have a comprehensive view of their business Telegram Number Data operations and make reasonable decisions. Numbers and data don't lie, so making decisions based on data is reasonable. Although management may make decisions based on personal experience or intuition, these methods have potential risks. 7 benefits of Business Intelligence BI combines knowledge and data analysis methods to help companies make data-driven decisions. Here are 7 benefits that companies get thanks to Business Intelligence : What is business intelligence? 7 benefits of Business Intelligence 1. Increase revenue BI is a vital tool for companies looking to optimize revenue. BI processes provide important information to improve business operations. For example, Business Intelligence can tell you which product lines have low sales. That means they are unpopular with your users and you should consider removing them.



In this way, the management board can know which products are popular with users and are the best sellers. From there, make strategic decisions to boost sales and attract new customers. What is business intelligence? BI helps increase business revenue 2. Increase sales The best customers are not those who place the highest value orders but those who buy frequently. With BI software, businesses can rank customers based on purchase frequency and order value. Thus, businesses will know who are the most profitable customers for the company and need to focus their marketing efforts.