Business Intelligence is a concept that is used within industry which incorporates the delivery and integration of business information within an organisation. Companies use Business Intelligence to gain insights into certain events and allows business owners to view trends and allows them to quickly adapt to any changing environment. Busines Intelligence allows business owners to make informed decisions and create tactical and strategic management processes.
BI allows you to gain insights into your consumer behavior and understand them better. Once you can understand onsumer buying trends, you can adapt your business by creating products that match the consumption trends of the consumers. Business Intelligence allows you to improve visibility by analysing who your best performers are, where there may be room for improvement, Stock tracking, and theft. Business intelligence allows you to see if there have been any errors in the past with accounting practices and improve your control over various important processes within your organisation.
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