Main benefits of business intelligence (BI)

Business intelligence, also known as "business intelligence" or BI, is a set of techniques, tools and methodologies used to collect, integrate, analyze and present information from an organization in order to improve its decision making.

This new intelligence is based on the use of data and statistical analysis to provide business leaders and other stakeholders with relevant and up-to-date information that enables them to better understand their business and make informed decisions. In addition, it has applications in a wide range of business areas such as finance, marketing, operations and human resources.

Business intelligence is primarily used to improve decision making in an organization. By providing business leaders and other stakeholders with relevant and up-to-date information, business intelligence helps them to better understand their business and identify opportunities and challenges.

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Some of the main benefits of intelligence corporate pass through:

• Improved efficiencyBusiness intelligence can help an organization identify and eliminate unnecessary or inefficient processes, which can save time and money.
• Identification of business opportunitiesBusiness intelligence can help an organization identify new business opportunities and develop strategies to take advantage of them.
• Decision makingBusiness intelligence provides business leaders with relevant and up-to-date information that enables them to make informed and strategic decisions.
• Improved productivityBy providing employees with relevant and up-to-date information, business intelligence can help improve their productivity and efficiency.
• Data miningBusiness intelligence is based on data analysis, which means it can help an organization better understand its processes and identify patterns and trends that can be useful for improving its business.

Advantages of using business intelligence

Business intelligence has democratized the use and analysis of data, making it possible for more and more people to benefit from the advantages of being able to analyze the necessary data and use the information.

BI tools can analyze data scattered across multiple locations and collect it in a single location, making it possible to perform more advanced, in-depth analysis and present it in an easy-to-understand way.

Therefore, one of the advantages of business intelligence is the possibility of creating reports in a short time by analyzing large amounts of information in real time, helping to solve problems quickly.

You can centralize and analyze dispersed data

In companies there are many cases where data is managed by different departments. By linking to each system using business intelligence tools, it is possible to easily unify and analyze data. BI tools often focus on their ability to analyze data, but one of their strengths is that they can easily manage data dispersed across an enterprise.

Saves time in data collection and analysis

Data can be aggregated and analyzed using tools such as Excel. However, it requires complex work using functions, pivot tables, etc. With BI tools, you can analyze large amounts of data using a variety of techniques and get high-quality analysis results in a short time.

Ease of data visualization and understanding

The results analyzed by the business intelligence tool are displayed in easy-to-understand visual charts and graphs. In corporate activities, there are many situations where it is necessary to quickly grasp the situation in real time, such as the progress of sales results. By visualizing the analysis results of the BI tool, it is easy to understand the most up-to-date situation.

Advancement in the detection of problems

Business intelligence can detect relationships and anomalies in data by performing more exhaustive and faster analysis, favoring the early detection of potential errors and problems. And thereby reducing their consequences.

Gamco has been developing pioneering solutions based on predictive models to optimize business decisions and performance for years.

Our AI solutions often feed the results into Business Intelligence reporting systems.