How Data Intelligence Can Help Your Business – Part 2

Business data intelligence solutions can take your business to new heights. Here are some ways it can enhance your organization and help decision makers make more informed, effective choices.

Understand what drives revenue for your business

While business data intelligence can be a very broad term,it is exciting to know exactly what is going to drive revenue for your business, who your end user is, how they consume their information, and what influences their decisions. There are thousands of outlets pushing information in today’s marketplace, and not everyone can consume everything. Business intelligence is knowing where and how your ideal customer consumes their information, what is going to drive them to purchase and subscribe and executing a plan to take advantage of that knowledge.

Avoid bottlenecks and problems in a fragile market

Data intelligence provides insights into the true health of an organization that is not readily available from a profit and loss statement and hence is critical to both executives and owners equally. There are a plethora of BI applications available on the market today that integrate with your accounting software, andthe key is to understand which is best for your type of business as each has its own pros/cons and features. BI includes forecasting to avoid bottlenecks and provide perfect timing for decision making such as purchasing or new hires and is not only about tracking KPIs (key performance indicators) once a month or quarter. To be more informed and avoid problems in a very fragile market, an easy-to-read dashboard that is reviewed weekly will help you go places.

We are awarding some of the best Enterprise Data Intelligence Solution of the year along with other categories at the 3rd Indian ISV Awards 2018, an initiative from itVARnews (Techplus Media Publication) to acknowledge the best ICT Solutions by ISVs (independent software vendor), Systems Integrators, Solution VARs, and MSPs across India. To know more, visit the website now. (http://www.isvawards.itvarnews.com/)