Tuesday, 12 November 2013

Business Intelligence(MSBI) Architecture and Benefits of BI

Business Intelligence
BI stands for Business Intelligence, refers to set of techniques  which helps in spotting, digging out and analyzing best information out of  huge data to enhance decision making.

BI Architecture : 

Benefits Of BI:
Making your Business Intelligent will always help in every field whether saving time, increasing revenue, to do forecasting, making profit, etc. There are endless benefits of BI, some of them are listed below :

  • Helps in providing more accurate historical data by eliminating guess work. As analysis is mainly done on huge volume of data. So, accurate historical data will make sure that we get the correct result.
  • We can analyze customers behavior and taste (i.e. what he thinks, what he likes the most, what he hates, etc) which can enhance your business and decision making power.
  • We can easily look where our customer needs more attention and where we dominate the market in satisfying client’s needs.
  • Complex Business queries are solved with a single click and at a faster rate which saves lots of time.
  • Improve efficiency using forecasting. You can analyze data to see where your business has been, where it is now and where it is going.

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