“Knowledge is power.” This theme has been demonstrated countless times throughout history, from the huge conflicts that spanned the globe, to the meteoric rises that many businesses have seen, down to the conversations held at the dinner table. Knowledge simply makes things go better for you, which is why it is so helpful for businesses to have a knowledge base at their disposal. Today, your IT can give you even more opportunities to use information to your advantage.
Business analytics are quite popular nowadays, as businesses of all shapes and sizes are eager to use data to improve their processes and performance. Let’s consider how your technological strategy could benefit from such analytical considerations.
If you know more about your organization and its customers, you’ll be able to make better decisions about the future of your business. Thanks to an increased focus on business intelligence, even small and medium-sized businesses can take advantage of these analytical tools to improve operations and customer relations. What is business intelligence? How does it work, and why does your business need it?
A lot is being made about running smarter businesses. Many businesses are looking to their data to try and work out how to build a better business. Two terms you typically hear during this conversation are business intelligence and business analysis. Today, we will take a look at the two terms, decipher their meaning, how they are different from one another, and how they can help you determine the resources a business needs to improve itself.
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