Discuss the organizationwide benefits of BIBusiness Intellig

Discuss the organization-wide benefits of BI(Business Intelligence).

Solution

Business intelligence benefits the organizations in no. of ways and few are as discussed below :

Many times, running an organizationis treated almost like gambling or monopoly and it shouldn’t be in that way. Executives are left with the only option of ‘making the best guesses’ . When it is your organizations future at risk, neither of these methods should be followed to arriving at a strategy. When you run your company based on guesses , it means that you lack the business data to form a structure that allow you to make well reasonable decisions.

With Business Intelligence, We are given accurate data , therefore removing the need to guess or estimate.

2. Develop and improve efficiency.

There are many organizations that wate their valuable time looking for information from within their different data sources when they shoul focus on a deeper understanding of their business.They need to convert, merge and report said data, communicate and discuss their opinions about it and discuss whether it is accurate, etc. With a BI , all the needed data comes from one source. This saves much time and energy and remove inefficiencies from the process.

3.Conduct better inventory.

Business Intelligence helps you make the right orders for inventory .This way, your customers can receive their goods when they need to be received and organization doesn’t have the burden of to stock excess inventory