Grow your business and reduce costs using modern BI tools

Iulia Estera
Sep 4, 2018 · 3 min read

The tools being used today by the large companies to analyze data should be efficient, quick and reliable.

For making better business decisions, you have to pivot on real database, because of the economic and social uncertainties.

But the traditional way of getting the information processed by IT people turns out not to be the most effective one. It is time-consuming waiting for specialized persons to do the work needed to provide complex reports for the employees. Also, they can’t concentrate very well on their tasks.

So, continuing with this method, you’ll not benefit by the advance of technology that could improve the bottom line of your business.

I am going to present you the benefits of using BI( Business Intelligence) modern software for analyzing past and current data from your own business.

In this way, you’ll have the information to make a decision whether it worths or not to use the latest programmes to make your business more successful while reducing costs.

Before showing you the benefits of it, what is, in fact, BI?

Business Intelligence is referring to a complex of software applications and technologies used to process the information and show it in a way that permits to see business past and present state, in order to improve the process of decision-making.

The good side of using it consists of:

  • costs decrease- could be used by any employer of the business;
  • time-saving because of the permanent actualization of the data introduced by the employees in the system;
  • productivity increasing, taking away a significant part of the past responsibilities of IT workers;
  • helping to find market trends;
  • making easier to discover business problems that need to be solved;
  • reduction of the staff- it can be used by unspecialized workers, in contrast with the old technologies that require highly preparation( the display of analyzed data in charts, maps, reports, graphs is easy to understand);
  • helping to make decisions and business predictions based on real data;
  • allowing to see the development of the business.

Also, there are certain disadvantages that should be taken into consideration:

  • BI can be too expensive for some growing companies;
  • getting the system ready for use involves complex processes;
  • it takes nearly 1 ½( one and a half) year getting the BI system ready for use(introducing the data and the implementing of the data warehouse).

Concluding, even it takes some time to bring the BI modern software in your business, it is well worth.

The availability of using this software by the whole business team, the automatization of analyzing data and the clearness of the display of the processed data made by this software leads to lowering the amount of money needed for the investment and saving time since the human cannot do the work as quickly as the present technology.

Iulia Estera

Written by

B2B Technical Copywritter / Making Sales While Educating

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