A business intelligence app just makes serving yourself easier. Business intelligence tools are generally standalone software tools tailored to a specific industry needs. You give your business a much greater chance of being successful because you have accurate information at your fingertips. BI has improved profit margins for thousands of retail, manufacturing and distribution... 2. Use BI to Increase Sales 1. BI tools are made to retrieve, analyze and report data that is used for further decision making.

A few ways that business intelligence can help companies make smarter, data-driven decisions: Identify ways to increase profit Analyze customer behavior Compare data with competitors Track performance Optimize operations Predict success Spot market trends Discover issues or problems That means you need to have the data to be analyzed and tuned into insightful and actionable business information. The Business Intelligence Center is a pre-built Web site, or site template, that is optimized to help you manage the working elements of business intelligence (BI) reporting: scorecards, dashboards, data connections, status lists, status indicators, and so on. By using business intelligence to regularly keep track of the cash that you’re owed and the cash you owe your creditors, you empower yourself to take control of your company’s cash flow. Rather than adding up sales figures month by month, column by column, BI software can do that for you automatically, then encapsulate that information into an image. You can customize a Business Intelligence Center site as much as you like, or you can just start by using its built-in tools. Business Intelligence can mine existing data to understand consumer trends and optimize your company’s inventory system.

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