Article: What You Need To Know About Business Intelligence
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What You Need To Know About Business Intelligence
Every business wants to be successful. That success always comes from growth. With most businesses, growth comes from customer retention and gaining new customers. ?Business Intelligence? can help a company gain new customers and retain old customers. Business intelligence can be abbreviated BI. A formal definition of business intelligence is that it is a process of collecting information in the area of business. In BI, data collected is enhanced into information and then into knowledge. Business Intelligence can give any business an accurate idea of its customers? needs. Businesses that have large amounts of information about their customers can act upon that information. Businesses utilizing BI gain knowledge and understanding of a customer?s needs, customer?s decision-making process, an...
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