Overview of benefits of a Business Intelligence tool (BI)

Business Intelligence is a real asset for your company ! Do business intelligently !

What are the strengths of a Business Intelligence tool ?

Business Intelligence allows you to collect and analyse all the information that is available in your company. This will help you take efficient and important decisions.

Reporting tools, dashboards, multidimensional analysis, decision matrix, …

BI allows you to make multidimensional analyses (data from different sources). It checks your key indicators, access reports, analyses your data, shares documents and links important information

Managing and analyzing the relationship between key performance indicators (KPI) and your business needs is of the utmost importance. It will help you to understand how your business is doing at this exact moment, and you don’t need to wait until the end of the month, quarter or year when it is too late to act and improve the situation.

Benefits of a BI solution :

  • Intuitive method of presenting reports
  • Every type of data can be used (Excel, accounting tool, ERP, CRM, etc.)
  • Gain time and receive correct and powerful analyses
  • Better access to information, analyse whenever and wherever you want, always up-to-date
  • Improve your performances and global strategy by accessing the right information
  • Improve the efficiency of your company through better collaboration
  • Develop your strategy, define your goals, monitor your performances, analyse groups and take the right decisions based on your global strategy

Some examples of data that can be analyzed by BI :

  • Financial data
  • Accounting data
  • Customer data
  • Production data
  • HR data
  • Contact data (Orders, Shipments, Invoices, Complaints, Sales visits…). )
  • Stock status
  • Financial flow
  • Etc

How BI can help you analyse your data :

  • Extract data from different software or databases
  • Link, zoom and unzoom
  • Change the table style and create dynamic, easy-to-use visualizations
  • Easily navigate through data by comparing different parameters in real-time
  • Consult the result on different devices (tablet, smartphone etc.)

You decide which indicators are important, and move the axes around… The BI software will collect your data and transform it into meaningful insights.

Megabyte offers the best Business Intelligence tools : QlikView and Qlik Sense

Contact us for more information