Question

Identify and briefly explain any two factors that have led to the increasing importance of business intelligence.

Answer 1

1. Smart Decision Making As a business director or proprietor, it's indispensable to have a solid grasp on what your association's information is letting you know. As we as a whole know, data doesn't really approach insight! This is particularly the situation if that data is 'siloed' in different pieces of your business.The superseding objective of a BI activity is to change over your organization's data into organized, analyzable knowledge – at the end of the day, genuine business insight that can illuminate vital dynamic over the organization.

2. Develop Your Customer Knowledge. One of the fundamental purposes for the rising interest for devices that convey Business Intelligence is that it's never been more essential to see how your clients are connecting with you and how best to contact them – or, all the more precisely, to urge them to contact you. Without this information, you are probably going to wind up falling behind your rivals.