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  • Martin Bispels

Top 20 Benefits to using Business Intelligence Tools

Updated: May 7, 2019

There are many benefits to using Business Intelligence tools and services Some of these potential benefits include:




Accelerating and improving decision-making


Optimizing internal business processes


Increasing operational efficiency


Driving new revenues


Gaining competitive advantage over business rivals


Identify market trends


Spot business problems that need to be addressed


Employees are empowered to improve the bottom line


Professionals with the right information do their jobs efficiently


Allows you to recognize employee performance data to reward top talent and set the bar high


Data is shared, centralized, and consistent, enabling lasting change from the bottom up


You can clearly outline what it takes to perform well, reducing stressful micro-managing


Employees take accountability for their own success of failures in a transparent climate


Data improves conversations by focusing on facts rather than subjective experiences


The business can test actions repeatedly, in a controlled environment.


Business history is saved to help future predictions


Growth of the company no longer relies on gut

instinct


It’s easier to convince business stakeholders of success by allowing them direct access to the data that’s driving the company’s decisions


BI creates a competitive edge over a fiercely competitive global market


Business units have fast, efficient and agile reactions when a disruption occurs


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