With BI, your company sees the entire market through a magnifying glass.
Posted: Mon Jan 20, 2025 7:15 am
In this way, it differentiates itself from the competition by identifying business and improvement opportunities that boost results.
6. Greater profitability
As you read earlier, BI contributes to a more profitable operation.
Ultimately, assertive decisions lead to better business, as well as a reduction in errors, which avoids unnecessary costs such as those generated by rework, thus leaving a more generous profit margin.
7. Failure prevention
Ultimately, business intelligence is about improving the way your company produces, across all industries.
With careful analysis of deliveries and production routines, it is possible to optimize processes to make them efficient and standardized, reducing failures.
4 tips for implementing Business Intelligence in your company
Business intelligence is a topic that attracts the interest of portugal whatsapp data any manager who wants to develop his or her own business. However, where do you start to apply it in your company?
Below we have separated 4 tips that can help at the beginning of the process!
Define your business objectives
Remember we previously talked about the importance of understanding business objectives before adopting BI?
It's exactly about that: finding out what your company needs in the strategic area (growth, cost reduction, greater market share, etc.), and then knowing how to carry out BI!
A manufacturing sector may notice a delay in the project's production time, for example. In this case, the goal of an intelligence solution would be precisely to understand the reason that results in a slower flow.
Set KPIs
Now, you need to understand the key performance indicators to achieve these goals and set them as a goal in strategic planning.
Let's return to the case of production delays: with the objective defined, it is possible to define the correct metrics to evaluate the situation, such as the maintenance metric, for example.
From this, qualified data collection and analysis can focus on project execution and the level of training of factory technicians. This allows managers to develop action plans to resolve the problem more quickly.
Choose a tool
There is no BI without a technological tool that allows integrating areas and data and still delivers all the analytical potential that the topic requires.
So, look for truly comprehensive options that stand out in the market and adapt to your company's needs!
Involve the team
Finally, accompany the team in the implementation process.
Educate them on the topic and talk about the importance of data flow for the business (and each person's work) to develop and improve.
What does a Business Intelligence professional do?
It is the business intelligence professional's responsibility to ensure that the strategy works at all levels. They are the ones who will analyze the data and direct the decisions of the company's leaders.
For this professional, it is important to have knowledge of specific tools and software to collect, analyze and present this data in a way that facilitates its use in strategies.
Without a doubt, this is one of the most complex functions to perform within a company, since it involves a variety of knowledge.
The use of robust software is essential for this function to perform with excellence.
This is because, ultimately, the main role of the BI professional is to offer accurate and well-founded insights so that managers can make assertive decisions.
6. Greater profitability
As you read earlier, BI contributes to a more profitable operation.
Ultimately, assertive decisions lead to better business, as well as a reduction in errors, which avoids unnecessary costs such as those generated by rework, thus leaving a more generous profit margin.
7. Failure prevention
Ultimately, business intelligence is about improving the way your company produces, across all industries.
With careful analysis of deliveries and production routines, it is possible to optimize processes to make them efficient and standardized, reducing failures.
4 tips for implementing Business Intelligence in your company
Business intelligence is a topic that attracts the interest of portugal whatsapp data any manager who wants to develop his or her own business. However, where do you start to apply it in your company?
Below we have separated 4 tips that can help at the beginning of the process!
Define your business objectives
Remember we previously talked about the importance of understanding business objectives before adopting BI?
It's exactly about that: finding out what your company needs in the strategic area (growth, cost reduction, greater market share, etc.), and then knowing how to carry out BI!
A manufacturing sector may notice a delay in the project's production time, for example. In this case, the goal of an intelligence solution would be precisely to understand the reason that results in a slower flow.
Set KPIs
Now, you need to understand the key performance indicators to achieve these goals and set them as a goal in strategic planning.
Let's return to the case of production delays: with the objective defined, it is possible to define the correct metrics to evaluate the situation, such as the maintenance metric, for example.
From this, qualified data collection and analysis can focus on project execution and the level of training of factory technicians. This allows managers to develop action plans to resolve the problem more quickly.
Choose a tool
There is no BI without a technological tool that allows integrating areas and data and still delivers all the analytical potential that the topic requires.
So, look for truly comprehensive options that stand out in the market and adapt to your company's needs!
Involve the team
Finally, accompany the team in the implementation process.
Educate them on the topic and talk about the importance of data flow for the business (and each person's work) to develop and improve.
What does a Business Intelligence professional do?
It is the business intelligence professional's responsibility to ensure that the strategy works at all levels. They are the ones who will analyze the data and direct the decisions of the company's leaders.
For this professional, it is important to have knowledge of specific tools and software to collect, analyze and present this data in a way that facilitates its use in strategies.
Without a doubt, this is one of the most complex functions to perform within a company, since it involves a variety of knowledge.
The use of robust software is essential for this function to perform with excellence.
This is because, ultimately, the main role of the BI professional is to offer accurate and well-founded insights so that managers can make assertive decisions.