With the enrolment of business intelligence, NFINITY8 uses highly sophisticated and custom tools to harness data from both internal and external sources, analyze it, and create reports and dashboards for your organization.
One of the most important things to businesses these days are analytics and insights . The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis, and presentation of business information. The purpose of Business Intelligence is to support better business decision making.
BI is a tool that helps organizations improve decision making by tracking, processing, storing , analyzing data and transforming it into trends in return for a better insights to base you decisions on .
Why BI is Important today ?
1. Find the ROI of your marketing strategy.
Digital world is the world we live in today , it is full of digital appliances and marketing softwares . Other things like social media PPC, google ads and much more, it helps you to figure out your ROI (return of investment ) . BI can translate into analytics reports where businesses can base decisions on data ,reports and trends.
2. Organise your data.
Preset the factors that you need, to make your next decision .Organizing data will give you an optimized ,and instant insights.
3. Glimpse on how your clients are doing.
Having BI you get access to all your business data. This can include clients data from your CRM system, email marketing, customer interactions on social media platforms and website engagements tracked in your data management platform. This data can be unified in one chart and this is tremendously valuable because it will not only give you trends but it will also give you a full analysis to how to approach your client in further development .You can also predict what is your client’s most optimized future strategies and need.
4. Helps for sales.
know where to target based on real figures that you extract , with BI its never easier . It will help you to understand your potential clients.
Deploying business intelligence tools can prove a game changer for our organization. It can radically accelerate and improve the decision making process within your organization thus increasing your operational efficiency and effectiveness thereby creating new revenue streams and improving overall profitability of your organization. It helps you in identifying trends and spot grey areas that need to be addressed.
This opens up the window of strategic business opportunities as it unlocks the power of big data.
Under BI, we deploy technologies like data processing, data mining, business performance management, benchmarking, predictive analysis and prescriptive analysis. Each of technologies are imbibed with an objective of giving a strategic edge to you.