When it comes to business, information is powerful, with the ability to change and improve the jobs of management and employees, as well as the front end experience of customers and clients. Today, in the information age, there is so much information available at our fingertips that sometimes it can be overwhelming to figure out how to process it all in a useful way while discarding the irrelevant data. The development of business intelligence for industry has improved over the past several decades, along with the explosion of the computer and internet age.
Business intelligence offers data gathering tools, analysis, intelligence, and processing to take vast amounts of complex information and make it accessible for everyday use. Many companies are finding that having reliable BI information can improve decision making by giving them access to crucial real time data that affects the outcome of those decisions. This increased perspective helps to make businesses more competitive so they can keep up with a fast growing and changing marketplace.
With easy to use mobile apps, clear visualizations, real time collaboration and networking, and a culture of continuous improvement, end users will be empowered in everything they do. From the warehouse floor to the top of the ivory towers, everyone within an industry can have access to whatever data is relevant to their daily work. This helps every department to see where improvements can be made to help the overall company increase production, sales and profits. Incentive programs can be developed, goals can be written, and every person within the business can have the ability to participate like never before in understanding how what they do on a daily basis makes a difference throughout the industry.
What to Look for in Your Business Intelligence Provider
Finding a business intelligence company that offers all the unique tools needed for your company’s specific goals is important. Here are some of the process discovery services you will want to look for:
Automated Process Delivery – Information should be available quickly and automatically, removing biases that could exist if the data were collected manually. This also means that updates and relevant information can be available in real time when it is needed most.
Standardized Processes – Besides being automatic, processes should be standardized into quantifiable segments and assigned benchmarks relative to the goals of the company. It’s important that the process discovery is designed to be consistent across the board and customizable as business needs change and new information is sought.
Accurate Information – Of primary importance is the ability of management and employees across the company to be able to trust that the data is accurate. Real time information gathered as processes occur is the more reliable than relying on the memory of an employee. Information is only as useful as it is true and reflects correct information.
Changing the Future by Learning From the Past
In past years, the type of information needed to make important business decisions was only available to a select few and often lagged behind real time needs. Knowing about last month’s or last year’s progress can be helpful in setting a few goals, but the power of understanding the statistics from yesterday so you can adjust today’s workload is life changing. Today, data can be gathered from all aspects of the business, giving your company a bird’s eye view as well as a microscopic look into the minutest details.
Tablets and smartphones all throughout your company can be packed with relevant data, making each and every employee an expert on how their own work affects the company as a whole. Industrial business intelligence solutions can make it possible for everyone to work better together on achieving important company goals. Every company can benefit from this type of increased unity with its ability to provide a combined vision of success for the business.
Further Reading:
Business Intelligence: 10 New Year Resolutions for the Sector