As your business grows, you may find that you can’t keep all your data organised. Data about business processes, suppliers, partners, customers and competitors, if collected and organised, can advantage your business by improving business operations and increasing ROI.
Business intelligence (BI) tools become essential for businesses, especially ones that are growing.
Business intelligence solutions are not only for larger organisations. Companies, such as B2IT, are making top class business solutions that are flexible, easily available and scalable to any business size.
The practice of business intelligence (BI) can be useful or useless for your company; this all depends on how it is implemented. When a BI initiative doesn’t work out, you cannot blame the BI solution; you can, however, look into the mistakes and mishaps of your organisation’s BI initiative.
Few things are more important for the success of your business than interpreting information as you receive it. Many companies have suffered due to poor interpretation of data. Business intelligence allows executives to make informed decisions to avoid any setbacks. Continue reading
Boosting sales:
Because Business Intelligence is very systematic, clear, and concise, reports are able to be created and thus all business users are able to view the status of individual or all departments within a company. Effective decisions are more likely made after analysing these reports and sales will increase. If you are able to identify with sales trends and customer behaviour, you are likely to boost your sales.
“The fool doth think he is wise, but the wise man knows himself to be a fool” Shakespeare, As You Like It.
What is big data? Do you get smarter as data gets bigger? In fact, the age old theory states that the more you learn the less you know. Not really, you don’t get less smart – you simply realise that there is SO much out there that you don’t know about or understand. Continue reading
Gold and diamond mining is the foundation of South Africa’s economy; in fact, gold accounts for a third of the country’s exports. It is important that South Africa’s mining sector continues to flourish.
The importance of generating regular business reports cannot be underestimated. Proper reporting is a must if the business is to keep track of inventory, determine sales initiatives and more. The good news is that reporting need not be as time consuming as it was in times past. QV (QlikView) reporting offers a user-friendly, feature-rich program that can be used by businessmen and women from a wide range of industries. Continue reading
Business Process Management is a way of reviewing existing processes in an organisation to help identify loopholes, bottlenecks, unnecessary expenditures, illegal transactions, and areas of improvement. The BPM life-cycle is a methodological approach where one envisions efficiently constructed processes and workflows and optimises whatever changes you’ve chosen to implement during the course of the cycle. BPM has largely contributed to modern efficiency and productivity. For many executives, BPM is the Holy Grail that transforms a company from the inside out. Continue reading
What is data warehousing? In the world of business intelligence, a data warehouse (DW or DWH) is the term used to describe a storage centre, or database, which is used strictly in regards to reporting and analytical purposes. A data warehouse is a compilation of data deposited from various sources, from operational systems such as marketing or sales, into a central location. The function of the warehouse is primarily to store data used for supporting managerial level business decisions. This warehouse would be regularly maintained and managed by a data warehouse developer. Continue reading
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