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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Using Business Intelligence for Betterment

Data is very valuable for any business. It can help in decision making, planning, and more. Here, Business Intelligence comes into action. BI uses various softwares, applications, tools and services that enables access to and analysis of data. This improves and optimizes decisions and performances. Using Business Intelligence can help you to get more value by improving customer service, employee productivity, and more.

Following are the few ways one could get more value from Business Intelligence:

  1. Build real-time BI into your customer-facing services
  2. Improve employee performance through BI
  3. Improve Customer Service
  4. Predict new revenue streams
  5. Automate budgeting and forecasting
  6. Shift the emphasis to analysis
  7. Embed BI into other platforms
  8. Cut time wasted on data gruntwork
  9. Bring unstructured data on board

Read more about them at: https://www.cio.com/article/3254646/business-intelligence/9-ways-to-get-more-value-from-business-intelligence.html

 

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Data Visualization: An Insight

If your company is using analytics for decision making in your company, then you must overcome two challenges before you can begin maximizing the value of your data. The first challenge is to get clean data and the second challenge lies in the area of data visualization. It is reported that data-discovery tools are anticipated to grow 2.5 times more rapidly than the rest of the BI market. But, the question arises why is this technology so important to business success, and how can it help management make smarter decisions? To know more, follow: http://it.toolbox.com/blogs/insidecrm/3-ways-data-visualizations-can-help-you-make-smarter-business-decisions-69897

 

 

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