Business Intelligence (BI) is the transformation of raw data or information into meaningful and useful information for business analysis purposes. Data sprawl in a business or enterprise is more an more commonplace with businesses having more and more digital content stored on numerous shared storage drives, cloud hosted software packages and databases, getting accurate business analytics is becoming more and more difficult.
With our lives becoming more and more digital, having access to the information that you want when you want it is becoming more and more important. Having a good grasp of the status of your business, from incomings, outgoings, margin, EBITDA, employee and customer engagement, satisfaction, forecasting, pipelines, can make or break a business or senior manager.
CircleBC can assist with putting in place analytics platforms or create dashboards to assist in aggregating various databases, to provide you with a “single pane of glass” for your business, and making it easy to gain access to information. Having the right business intelligence allows for the easy interpretation of large volumes of data, allowing you to identify new opportunities and threats, and providing the basis to implement effective business strategies which can provide a competitive market advantage and long-term stability for your business.
CircleBC can assist you with the ability to access historical, current and predictive views of your business operations. Some other commonly used functions in business intelligence technologies include are reporting, data analytics, data mining, process mining, complex event processing, business performance management, benchmarking, predictive analytics and prescriptive analytics.
If any of this is jargon or you need assistance in managing your data, contact CircleBC today.