Medium to large size businesses and companies have most probably heard of Business Intelligence, but they often do not know what it is really for and how it can help them.
First, let’s get into the basics; Business Intelligence (BI) is a term used to describe software that is used to help companies and businesses understand the data they collect within their own business.
How does this software help? In simple terms using these tools is like having business analysts, marketing experts, economists, and IT experts all rolled up into a single software solution.
The Benefit of SAP BI
Generally, businesses make use of this technology to help them with improvements with decision-making, cost efficiency and probabilities on business venture opportunities. Imagine this; you hold gigabytes of information related to your business performance but can never find the data you require fast enough to help with your decision-making.