Business intelligence has rapidly become an integral part of business function for many organizations as they realize the competitiveness hinges on effective utilizations of intellectual resources. Implementing business intelligence tools usually require substantial investments and careful planning.
Among the advantages of business intelligence
*Improved communication effectiveness
The system will further the cooperation between information and communication technology and the user community, in such as both parties will have to think about their data strategies.
*Improved data quality
*Better understanding of available data
*Smarter extraction and exchange of data
*Better understanding of the business processes
*Improved customer relationships
*Better logistics and inventory management
*Anomalies and fraud detection
What are the benefits of business intelligence?
A computer system comprises hardware and software components, aiming to offer a powerful computational tool. These systems play a crucial role across diverse domains, aiding us in numerous tasks. The prevalence of the internet has significantly bolstered the utilization of computers for information sharing and communication. Computer systems empower us to store, process, display, and transmit information. Even in a basic modern computer system, multiple programs are typically required to carry out various functions effectively.
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