Sat. May 18th, 2024

Business News on the Fly

Benefits Of Business Intelligence Tools

The increasing move to digital environments (both at home and the office) has resulted in massive amounts of data that companies now have at their disposal. Helping them to turn this data into information for providing insights and helping with decision making is the goal of business intelligence tools.

Tools that help with data analysis have become a necessity as companies grapple with their ‘big data’ stores and attempt to find some actionable insights within them. By slicing and dicing data in various ways such insights can be provided at a range of levels: by department, division, industry or whatever other categorization is required. Business intelligence solutions offer user friendly tools (so that users needn’t be data analysts to get the benefit) and also provide AI functions and predictive analysis features to make it even easier to draw some conclusions from the sea of data companies produce.