How do I know when to use business intelligence for my business?
All organizations can benefit from business intelligence, but here are some clear indicators that you should look into a business intelligence technology for your business:
The need to integrate data from multiple business applications or data sources
Lack of visibility into the company’s operations, finances, and other areas
The need to access relevant business data quickly and efficiently
Increasing volume of users requiring and accessing information and more end-users requiring analytical capabilities
Rapid company growth or a recent or pending merger/acquisition
Introduction of new products
Upgrades within the IT environment.
Business intelligence is meant to empower your people as much as it is your business. Companies have found that allowing employees to access and track analytical and operational data improves work efficiency and goal reaching by monitoring real-time efforts alongside the business plan.