There has never been a time more dynamic and disruptive than the one we are living in now. Technology continues to play a significant role in new and more agile market entrants eroding the market share of more established players. A significant contributor to this is the ability to make decisions quickly.
Smart businesses know that the landscape can change on a dime, so the ability to gain business insights and intelligence quickly is critical to gaining and maintaining their competitive positioning. Slow reporting methods and capabilities translate into slow insights and even slower action. The simple fact is that in this new paradigm, companies using outdated reporting methods will get outdated results and soon become outdated businesses.
The key to accelerating the growth of your business is to make good decisions quickly. And the faster you make good decisions, the faster your business will grow. Having good data feeds good decisions, but data isn’t meaningful unless you can compare it to key performance metrics or indicators of success. This is where Business Intelligence comes in.
Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions. BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts and maps to provide users with detailed intelligence about the state of the business.
Companies using analytics and tapping into BI for business decisions are 5x more likely to make faster and higher quality decisions.
BizLauncher's Business Intelligence and Analytics solutions gives businesses of all sizes, life cycle and industry participation the opportunity to track and compare all the metrics and Key Performance Indicators (KPIs) that are most important for their operations.