Sustainable decisions are data-based decisions. The challenges of the current era have shown companies of all sizes how important it is to stand firmly on digital footing. As a rule, we primarily think of equipping the team with the necessary equipment and essential skills. However, it is at least as important what information we work with.
When we talk about the health crisis, we do so in a data-driven manner, focus on “clusters” and “flatten the curve” and, in the best case, rely exclusively on hard facts. Paradoxically, what goes without saying here changes again and again when it comes to corporate issues. This may result from uncertainty regarding the effort, resources and costs of business intelligence solutions, which then results in a delay. Business analytics is nothing more than a necessary and scalable basic tool for successful companies — especially in times of crisis.
Unforeseen events such as the global lock down have led to a state of shock in many areas, but it is precisely such crises that can hardly be overcome without productive data analyses. No other approach enables crisis management that is as watertight as the efficient use of your own data.
But how can you save time and money by using business intelligence? Here are the answers:
Create a seamless customer experience by being able to view and analyze purchases, returns, inquiries, usage, and complaints at a glance. In this way, you can discover patterns at a glance and take the next steps accurately or intervene in good time.
By simply presenting internal costs, sales figures or past customer activities, any risks or risks of fraud can be identified and averted in good time.
Include your employees. If you visually understand the processes of your team and department, you can prevent bottlenecks and assign tasks effectively.
While daily processes in companies often consume a lot of resources, they can be made more efficient with BI, which creates free capacities that can be invested in company growth.
Whether it's heating, air conditioning or lighting — offices are real energy guzzlers. With the right energy monitoring, you can see at a glance which rooms are heavily frequented and at what times they are being used — with energy meters and timers, expensive peaks can be avoided and unnecessary consumption can be saved.
With the help of data visualizations, production and sales can be tailored precisely to supply and demand and — thanks to predictive analytics — planned.
The fact that data visualization makes dry content such as columns and rows easier to understand is beyond discussion. So more and more software companies are advertising their new dashboard.
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If you want to be powerful, you need strong partners. The board members of leading software providers Salesforce and SAP also know this — both sides have recently formed alliances with the top...
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