Business Intelligence (BI) helps organizations make informed and tactical business decisions by providing strategies and technologies for business to use to analyze data to create action items. BI tools can be extremely helpful for an organization in several ways. First, it created trusted and governed data. Business Intelligence systems can integrate internal and external databases to create one source of information. This allows for the organization to have one data set for all departments to use. Secondly, it creates the ability for faster analytics and more intuitive business dashboards. The system does this by combining reports into a user-friendly dashboard for the majority of the organization’s employees to use. The dashboard provides a surface level at a glance information. With both of those items in mind, the third benefit is the ability to increase the efficiency of an organization. With reports streamlined into databases and the integration of internal and external data sources, this becomes a central source for fast information. In turn, allowing for the organization to run smoother and the business to be able to make decisions based on the numbers rather than hypotheticals. These items will have an overall impact on employee satisfaction, resulting in higher customer satisfaction, and when these two things are up along with the overall efficiency, the organization is likely to be successful. In the future, I will absolutely be using business intelligence and advocate for it in my future organizations.
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I think people should take advantage of this while we still have it. This is a total game changer for the business industry and I can see a lot of people succeeding with BI.