10 Ways Business Intelligence Can Improve Your Business

Apr 27, 2017

With businesses today looking to maximize their existing resources and make quicker decisions, it is no surprise that Business Intelligence solutions have become increasingly more relied upon. While BI solutions are able to provide greater insight into business performance and help enhance overall efficiencies, many businesses are still hesitant to invest in Business Intelligence. This may be due to preconceived notions regarding the perceived complexity of BI tools on the market today. However, recent BI solutions have evolved, offering a more user-friendly experience with intuitive functionalities that the average user will be able to both understand and utilize.

If your business is considering implementing a BI solution, here are 10 ways business intelligence can help improve your business:

  1. Make Faster Decisions. With the ability to analyze data in real-time, businesses are able make decisions in a timelier manner, while leveraging current information. While most businesses today have an abundance of data, the fact of the matter is that the information is not valuable in its existing format. Business Intelligence streamlines and organizes your data, allowing for both meaningful and actionable insights, improving decision-making capabilities and increasing business value in the process.
  2. No More Guesswork. Without Business Intelligence, many executives find themselves making decisions based on their gut feeling, while using outdated and often inaccurate information. With a true Business Intelligence solution, decisions will be based on real-time, insight-driven data, effectively eliminating guesswork. With the right information available, reflecting the latest and most up-to-date analytics, you can be confident in each decision you make.
  3. Grow Your Business. Business Intelligence provides detailed information pertaining to each job or project that was completed, allowing you to analyze performance and identify areas of improvement and potential missed opportunities. With greater visibility into past performance, you will be more prepared to capitalize on these lost sources of revenue and help grow the business organically.
  4. Enhance Efficiency. Most businesses today find themselves spending valuable time looking for information across multiple data sources. Not only is this process very time consuming, once the information is located, it may already be outdated or missing important details. With a Business Intelligence solution, all information is located within a single, centralized location. This information is displayed in a dashboard view, with the ability to generate graphical reports as well. Having all information available in one location will save your business precious time, while increasing efficiencies in the process.
  5. True Self-Service. Users today want more than just basic charts, graphs, and standard reports. They want to be able to visualize more complex data, drill-down into the details, and generate intricate reports. With Business Intelligence, users are able to create their own reports and visualize data according to their needs and requirements. Business Intelligence allows the user to create these complex visualizations and reports autonomously, without any knowledge of SQL, providing the user with greater control over the data.
  6. Integrate Your Data. Most businesses typically have data stored across multiple solutions, which makes analyzing and reporting on business performance challenging to say the least. With a Business Intelligence solution, you can eliminate the barriers that exist with data locked in various software and spreadsheets. Business Intelligence tools integrate directly with your existing software solution, leveraging real-time data to provide a more accurate view of the business. With a truly integrated BI solution, you can trust what your numbers are telling you.
  7. Mobile Information. In today’s world, accessing information on the go has become the norm. Businesses that lack the ability to access important, real-time data when they are out of the office are putting themselves at a competitive disadvantage. This is where Business Intelligence comes in. A fully integrated BI solution has the capabilities to provide your business with the critical information you need to make key decisions on the go, directly from your mobile device, tablet, or laptop. With real-time business data at your fingertips, this can be the difference in closing a new deal, salvaging an under-performing job, or servicing an existing customer better.
  8. Visualized Reporting. The current way of conducting business typically revolves around selecting KPI’s and exporting this data to an Excel spreadsheet. From there, the data is converted into a chart or graph to display the data visually. The problem with this however, is that executives, project managers, service managers, and salespeople today are requiring immediate insights to provide them with that competitive edge. With Business Intelligence, data can be visualized from numerous data sources, all within a single dashboard. Accessing these visual reports directly from a mobile device, while on the go, can help identify and capitalize on potential revenue earning opportunities that may have been lost otherwise.
  9. Understand Your Business. With the ability to drill-down into the details of all aspects of your business and display this information graphically, you will have on-demand access to real-time company performance. Whether you want to create reports to compare monthly sales, look at technician utilization, or determine optimal inventory levels, graphical reports can be generated to provide instant insights your business can immediately utilize. This will not only help you make more informed decisions, but will also help determine areas in which your business is both strong or lacking.
  10. Deeper Insights. For most businesses today, obtaining detailed insights and generating reports on business performance can often be a time consuming and length process. Not only is the process tedious, but the amount of data analyzed is typically minimal as well. Leveraging the power of Business Intelligence, answers to business questions can be immediately solved, allowing your business to make faster decisions in the process. Big data can be analyzed in real-time, helping to identify opportunities to increase efficiency and grow the business overall.

For more information about how our Enterprise Business Intelligence solution can help improve your business, click HERE to contact us now!

Category: Operations

Add Pingback

Please add a comment

Leave a Reply

(Your email will not be publicly displayed.)

Captcha Code

Click the image to see another captcha.

Jonas Construction Software in 90 seconds

Tag List

modern construction company9
design build software2
cloud software2
construction accounting software13
bring your own device policy3
Construction injury and death statistics United States1
construction management software47
Construction project revenue United State statistics1
construction software for service management11
contractor software8
mobile solutions2
Bookkeeping for construction companies1
construction softare1
IT implementations1
electrical contractor growth and survival guide1
design build industry outlook1
construction management software selection guide1
software for design builders1
software for contractors2
construction BYOD3
construction business management software13
USA Construction Statistics1
selecting construction software1
Field service business1
Key performance indicators1
software for electrical contractors1
software case study2
software selection checklist1
software vendors1
Buying a construction company1
design build growth and survival guide1
Field service analytics1
Plumbing service company software1
success onboarding strategies1
construction software selection process2
mechanical contracting software3
onboarding construction industry1
software selection1
electrical contracting software2
construction software implementation2
general contractor growth and survival guide1
United States Construction Industry Statistics1
change management1
construction software for contractors4
visualized reporting1
general contractor software2
contracting software1
gps technology1
electrical contractor software3
enterprise business intelligence1
cloud construction software4
position construction management software1
service and construction management software1
cloud software solutions1
Construction estimating software1
construction software features1
software selection process1
point solutions1
technology roi1
construction software buying guide2
integrated software1
Field service metrics1
mobile software solutions1
mechanical contractor software5
general contracting software2
Plumbing service scheduling software1
construction software functionalities1
business intelligence2
software selection guide3
project management software2
construction software solutions1
construction software for owners13
gps routing1
construction and service management software1
construction software for accountants8
cloud-based construction software3
Information technology2
construction software solution5
contracting website1
migrate software1
construction software51
Plumbing field service software1
concrete construction software1
Best plumbing service software1
construction guide1
purchasing software1
choosing the right construction software1
mechanical contractor growth and survival guide1
automated construction software9
project management1
Construction change orders1
construction service software4
construction software for project managers12
service software1
service management1
electrical contracting industry outlook1
construction scheduling software2
true cloud1
best construction software4
management software6
integrated construction software10
web-based construction software2
support services6
construction service management software13
buying software1
hvac contractor software5
Field service team1
software selection guide bundle1
Construction accounting1
construction software blog6
contracting business1
Field service companies1
construction document management1
Field service management software1
construction software case study2
accounting software1
Construction in progress accounting1
construction software for project management11
cloud-based software1
mechanical contracting industry outlook1
construction software successful implementation2
IT strategic planning1
service management software1
mobile construction software4
design build contracting software1
construction project management software12
mechanical con1
position construction and service management software1
construction management2
specialty contractor software2
Plumbing service software1
Field service kpis1
general contracting industry outlook1
United States Construction Statistics1
Accounting for construction company1
change management for IT implementations1
Quickbooks software1
Accounting for construction companies1
construction software for service managers11
construction reporting software1
hiring employees construction1
construction software selection guide1
construction bring your own device policy3
mobile data1
construction software for accounting8
Construction information technology2
construction blog1
construction solution1
Change orders1
integrated software solutions1
dispatch software1

Tag Cloud

Construction in progress accountingdesign build industry outlookhvac contractor softwareproject management softwareconstruction guidepoint solutionscloud-based construction softwareconstruction project management softwareproject managementconstruction software selection guideConstruction information technologyconstruction software solutionUnited States Construction Industry Statisticssoftware vendorsconstructionmigrate softwarePlumbing service softwareelectrical contracting industry outlookcontracting websiteselecting construction softwaremobile software solutionselectrical contractor growth and survival guidecloud-based softwaremechanical contractor softwaremodern construction companyField service businessconstruction reporting softwareconstruction softwareConstruction accountingconstruction software for accountingconstruction software for service managementPlumbing service company softwareconcrete construction softwareposition construction management softwareField service management softwarechange managementconstruction software functionalitiesbring your own device policyPlumbing field service softwareBest plumbing service softwaresoftware selection guidebusiness intelligenceconstruction managementChange ordersmobile dataservice softwareconstruction solutionIT strategic planningpurchasing softwareservice and construction management softwareconstruction BYODconstruction software for project managerssoftware for contractorsservice management softwaredesign build growth and survival guideintegrated construction softwarechange management for IT implementationsdesign build softwareconstruction management softwareconstruction software buying guideAccounting for construction companiesmobile construction softwaregeneral contractor softwareField service teamgeneral contracting softwarecloud softwareelectrical contracting softwaregps technologyconstruction software for ownersconstruction bring your own device policyconstruction software solutionsspecialty contractor softwareconstruction software for project managementaccounting softwarecloud construction softwaremechanical contracting industry outlookenterprise business intelligenceconstruction service softwarevisualized reportinggps routingUSA Construction Statisticsbuying softwaresoftware case studyconstruction accounting softwaremanagement softwaresupport servicesField service companiesConstruction injury and death statistics United Statesconstruction business management softwareaccountingconstruction software for service managerscontracting businessservice managementchoosing the right construction softwaredesign build contracting softwaresoftware for electrical contractorsintegrated software solutionsconstruction software selection processelectrical contractor softwareField service kpismechanical contractor growth and survival guideconstruction software implementationconstruction softareconstruction scheduling softwareweb-based construction softwarebest construction softwaregeneral contracting industry outlookonboarding construction industrycloud software solutionshiring employees constructionsoftware selection checklistconstruction management software selection guideUnited States Construction StatisticsInformation technologyField service analyticsgeneral contractor growth and survival guideconstruction software for contractorsconstruction software for accountantscontractor softwareautomated construction softwareconstruction software featuresBuying a construction companyconstruction and service management softwareBookkeeping for construction companiestechnology roiBYODcontracting softwaremobile solutionsconstruction software case studyQuickbooks softwareconstruction software blogposition construction and service management softwareConstruction project revenue United State statisticsintegrated softwaredispatch softwaresoftware selection guide bundleconstruction software successful implementationmechanical consuccess onboarding strategiesIT implementationsconstruction document managementAccounting for construction companyconstruction service management softwareinterviewconstruction blogsoftware selectionPlumbing service scheduling softwareKey performance indicatorsField service metricsConstruction estimating softwareConstruction change orderssoftware for design builderssoftware selection processmechanical contracting softwaretrue cloud