Often, those in charge of running a business do not have the time to conduct a large-scale research project and specific monitoring of an industry to evaluate competitors or to study requirements for a new product launch. Using Business Intelligence software can greatly help to search for and compile information in a more practical way.
Comparative benchmarking is a valuable means of data analysis that companies use to assess their productivity, revenue and overall success against that of other market players and also against their own performance in previous years.
However, sometimes organizations are able to collect the data, but they do not dedicate themselves to using BI to simplify the process, providing actionable information and reports that are easily understood.
Benchmarking reports provide accurate and timely data that allows tunisia mobile database companies to assess their performance against individual KPIs or trends over time, providing meaningful insights into the current state of the organization.
With predictive analytics capabilities, users can take these benchmarks and proactively deploy them, outperforming their competitors instead of chasing them.
Sales Intelligence
One of the most important benefits of BI is that it increases awareness. Those who design Business Intelligence tools know that companies cannot seize opportunities they are not aware of. They therefore design solutions in such a way as to make these fleeting opportunities visible, providing details that allow them to make the most of them.
The reports and data produced by BI systems are great when you need to back up your claims with hard data when negotiating with potential customers. It can also be helpful in making quick sales decisions with up-to-date data and reports available on mobile systems. It is a powerful weapon in convincing stakeholders , suppliers or potential customers about the features offered by your company’s products and services.