by Brian Doherty - Senior Management Consultant
The recession has seen companies, large and small, re-assess how they do business. It is now necessary to maximise resources and opportunities to ensure sales are made and costs are reduced. To this end, there has been a strong interest in Business Intelligence (BI) software and how it can help businesses analyse the data they collect for cost-cutting or sales opportunities.
I will give a quick overview here of BI as a concept.
What is Business Intelligence?
In its simplest form, Business Intelligence refers to technologies used to gather, analyse and provide access to data to help businesses make better business decisions. It helps companies make practical use of their existing data.
What can Business Intelligence do for my Business?
- Identify trends and patterns in your existing data to gain a better understanding of your business
- Transform your existing data into actionable information
- Support future planning by identifying opportunities to increase revenue or reduce costs
- Reduce data duplication and use of multiple Excel spreadsheets
- Make better and faster business decisions by analysing metrics and KPIs that are not easily measured in a non-BI environment
- Produce management and ad-hoc reports
- Give a 360° view of your business, from sales and marketing figures, to stock and suppliers
As part of the Sage 200 platform product, Sage have recently launched a Business Intelligence (BI) module. I will be taking the technical training course next month to gain certification in Sage 200 BI and will report back with my thoughts on the product!
If you would like any more info on Business Intellience, please get in touch either by email or phone (01-8223 200). I'd be delighted to help!
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