April 8th, 2013
Seabeck Systems, LLC
When you monitor your business for changes over time (i.e. trends), how do you determine the cause(s) behind each trend you observe?
Business Intelligence is a systematic approach for analyzing company performance data in real time. BI information helps to establish a baseline of normal operations, so companies can compensate for any operational inconsistencies.
This is essential: once a company defines a baseline for operations, it’s easier to see fluctuations earlier, understand which adjustments are needed, and then measure the effects of each action.
When is the right time for a BI program? When you need a complete picture of company performance to help you understand trends while they occur, you are ready for BI.
Got more questions? Try the BI Basics index, or share your questions in the comments.