Functions and significance of business intelligence

Role and significance of ◣ Business Intelligence
Business Intelligence is becoming more and more important because ignorance is the biggest threat to modern enterprises and the risks are enormous. Ignorance may cause greater harm than ignorance, because
We will make decisions and take actions with the wrong thoughts, while also proud to think we are
The embodiment of truth is like "a blind man riding a horse and waiting for the night ". What business intelligence needs
Is to make full use of the large amount of data collected by enterprises in daily operation, and convert them into information and
Knowledge can be used to free enterprises from being confused.

The ability of business intelligence to "manage by number" (Huang renyu) is an efficient enterprise.
Significant characteristics of industrial and economic systems. Specifically, business intelligence can be used in the following four aspects:
.
(1) understand the business. Business Intelligence can be used to help you understand the driving force of your business.
Some trends, abnormal situations, and actions that are affecting the business.
(2) performance measurement. Business Intelligence can be used to establish expectations for employees and help them track and
Manage its performance.
(3) improve the relationship. Business Intelligence can help customers, employees, suppliers, shareholders and the masses
Useful information for enterprises and their business conditions, so as to improve the visibility of enterprises and enhance the entire information chain
. With Business Intelligence, enterprises can quickly handle problems before they become crisis
Identify and solve the problem. Business Intelligence also helps to strengthen customer loyalty.
Information customers are more likely to purchase your products and services.
(4) create profit opportunities. Enterprises with various business information can sell the information to obtain
Profit. However, enterprises need to find buyers of information and find appropriate transmission methods. In the United States
Many insurance, leasing, and financial service companies have already felt the benefits of business intelligence.