There are many ingenious ways of making work better. However, while you, as an employee, can do your best to implement strategies that make a difference to your own work (and, by extension, assisting your fellow workers), the really big changes occur from the top-down on a systems-wide basis.
While you may not have the clout to replace indecisive supervisors or bosses with people who are decisive and implement strategies that work for everyone, you can suggest the tools needed to help make them great decision makers. Once they make better decisions, everything will improve for everyone. Introduce your key decision makers to technology that helps make decision making easier and more accurate. If your company happens to be shopping for BI software, or other innovative technologies, online comparison information is crucial.
Essentially, what BI (Business Intelligence) does to make work better is to make complex (and often tedious) tasks much easier to manage. Analytics can be less confusing for business professionals and managers when data is easier to interpret.
What is Business Intelligence?
Business intelligence is actually not a particular type of software; rather, it’s an umbrella term for a spectrum of software applications that analyze a business’s raw data. BI assists with data mining, web and e-commerce analytical processing, memory processing, querying, and reporting. It can be used for budgeting and planning, for tracking the progress of marketing campaigns, for analyzing business risks, and for managing customer relationships.
Does it Work?
While the list of things BI can do is certainly impressive, one question that will inevitably come up when you propose it to upper management is whether or not it works in the real world. Fortunately, there are many real-life examples that you can research online. For instance, a Matillion article, 6 Real Life Examples of Successful Business Intelligence Systems, describes how Keith Cooper, the CEO of Connotate said, “that the dashboards inside business intelligence systems allowed them to focus on more profitable business, saving them time and money whilst also boosting customer satisfaction rates.”
4 Benefits of Business Intelligence
Here are 4 reasons why your company will benefit from buying and implementing BI:
1. It will remove all guesswork. Instead of making a wild guess on how certain business decisions may or may not work out, it’s no longer necessary to rely on gut instincts. Accurate data in real time identifies trends and makes forecasting a science rather than the best guess.
2. It makes work easier. Decision making is difficult because of ambiguous answers to business questions. In order to make a decision, someone may have to go through numerous pages of information to figure things out. BI provides immediate answers. So not only is there less reading and thinking to go through to make a decision, but it’s possible to make better, more fact-based decisions because important business metric reports are easy to obtain, review and act on.
3. BI provides a variety of critical insights. For a business to do well, it needs insights about a number of things. For instance, it needs insights about customer behavior to figure out how to serve up the best cross-selling opportunities. Companies no longer have to rely on demographic information alone, like age or gender, but can now track customer behavior like changes in spending pattern after a company launched a marketing campaign.
4. Everything works more smoothly. A business will work much better if it can streamline operations, develop efficiency, find out real manufacturing costs, conduct more accurate inventory, and understand how to cut costs. BI makes all this information easy to access and comprehend because it includes tools like data visualization, building dashboards, and creating performance scorecards to grasp key performance indicators.
Your Winning Argument
Once your bosses understand the impact BI can have on improving the quality of their critical business decisions, you can win them over to your way of thinking. Simply list the various ways business intelligence can transform their capacity to understand what’s happening within their company.
BI will integrate data collected from multiple data sources; improve the visibility of your company’s various operations; and make it much easier to access relevant information quickly and efficiently. Hopefully, this takes some of the guesswork out of the business decision-making process and helps your bosses get off the proverbial fence and move forward. Now if they could just decide where to go for lunch…