Business Intelligence

Business intelligence [BI] refers to applications and technologies that are used to gather, provide access to, and analyze data and information about company operations.

Business intelligence systems help companies better understand factors affecting their business, such as:

sales forecasting and performance
production capability
supply chain
marketing efforts
internal operational performance

They also help companies to make better business decisions.

Business intelligence capability is redefining competitive paradigms. With significantly shorter product development and sales lifecycles, the competitive advantage is moving from the product to knowledge.

Business intelligence systems turn static, uncontrolled reports into dynamic analytic decision support systems.

Video -Business Intelligence Courts Case Study [26:56]

One of the major surprises I find in even the top companies, is how little of their business intelligence they use.

Transactional data applied to logical argument can provide significant competitive edge to any business as well as ensuring that the organisation has a reliable measure of performance.

Helping businesses identify this valuable asset is a key offering of Coded Vision Consulting. Once identified, we help the client transform that data into business intelligence that is readily assessible in a meaningful format. The most common interface is the graphic representation used in Executive Dashboards.

Where data is very large in volume, is extremely time sensitive and has many relationships, the emerging capability of virtual reality can provide decision making support never before imagined. Read more on how virtual reality is applied in business intelligence.

For more understanding on BI programs, tools, solutions and benefits.