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Popular Business Journals

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Submitted By jkrawiec
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Business Intelligence is very important for a business and it can either help or hurt a business depending on how it is used. Now if it is used correctly this can create more much efficient ways of going about a companies process or getting information and making big decisions. The biggest thing with business intelligence is getting the information that you are looking for easily compared to what some other companies do, by using long formulas on a spreadsheet which could sometimes take hours to collect to get what could be accurate information. While looking through some businesses that have implemented BI (Business Intelligence) into their company, I was able to determine that they all became more efficient and in the end used less man hours getting information that they were looking for. Some businesses try collecting business information and it comes from a variety of different places and sources, to be put together in one area. This for one takes time to gather and two is much less efficient, requiring more people and more hours, causing a company to lose money. Sometimes the information may not be entirely accurate as well because of how long it takes to gather up and by the time they get the information they are looking for it is already out of date. In the end business intelligence eliminates "guess work" which a lot of higher-up in businesses have to do sometimes because of their business lacking the data structure to get the information needed. Another thing BI would do is help a company answer and decide situations much faster because they are able to get the information needed much quicker and more effectively. Another big thing that a company can implement and utilize in BI would be getting an insight on customer behavior which could help a company turn this new knowledge into more profit.

To give some examples of some of the businesses that

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