Question

Discuss in details the strategic benefits of Business Inelegance systems

Answer 1

There can be number of benefits of Business Intellegence Systems and below I will explain few important

1. Efficiency: With Business Intelegence system, all the needed data which can help in gaining a deeper understanding of their business can be accessed from one dashboard and converted into a report. This removes inefficencies and saves time and energy.

2. Understanding your business, monitor business for future and Business Analytics: Business Intellegence system can be used to understand business and stats over a given period of time.

3. Quick Response time: Using business Intellegence systems the organizations can generate reports on daily basis and thus can respond quickly to even the most unpredictable situations.

4. Understand customer’s behavior: Business Intellegence systems give you ability to analyse the market. The information gathered about the clients give opportunity to turn such information into profit and hold on to your valuable clients

5. Accuracy: Business intelligence systems gives us most accurate information and removes many errors, omissions or duplicate information from the organization. Reports can be created automatically which are more up-to-date and accurate.