Intouch Power Business Intelligence
Intouch Business Intelligence add-on feature is an essential tool for analyzing your company's strengths and weaknesses. From stock management, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge.
BI, or Business Intelligence, is software that has been specifically designed to analyze all the data a business has to gain a better understanding of the strengths and weaknesses of the organization.
In a nutshell, businesses tend to collect massive amounts of data. This data can be about anything from stock to the purchasing habits of customers and everything in between. This data by itself doesn’t really mean much. However, once all of this data has been analyzed by the BI software, it is turned into useful and valuable information that is critical to the survival of any company.
There is a range of potential benefits to BI programs that include improving and accelerating the decision-making process, the optimization of your internal business processes while increasing your operational efficiency in order to drive new revenues and to gain a competitive edge over rival companies. Additionally, BI systems can assist your company when it comes to identifying market trends and spotting issues with the business that need to be dealt with.