Business Intelligence for Profit

Ads
 

Business Intelligence for Profit

How do business intelligence helps in increasing profit of an organisation?

View Answers

December 19, 2012 at 4:58 PM

Implementation of Business intelligence in an organisation can prove to be a key element of making profit for the business and helps the organisation to gain a competitive advantage and improve efficiency.

The combination of business intelligence tools with operational data can be deployed for various profit making factors of an organisation:

  • It encourages fact-based selling tools that increase the sales.
  • Targets profitable activities that ultimately lead to profit increase.
  • Enhances customer loyalty that leads to retention of customers.
  • Improved sales forecast.
  • Achievement of budgeted sales target.
  • Adds to the number of high-value customers in the customer mix.
  • Discourages the activities of low yield in sales process.
  • Encourages higher-yield promotions and advertising.


For more information on role of business intelligence in profit making you can refer to the links provided below:

BI: Key for building profits in B2B

BI: Improving performance in financial service

What is Business Intelligence

Business Intelligence in Decision Making

Ads









Related Tutorials/Questions & Answers:
Business Intelligence for Profit
Business Intelligence for Profit  How do business intelligence helps in increasing profit of an organisation
What is business intelligence?
What is business intelligence?  What is business intelligence
Advertisements
Business Intelligence Value Chain
Business Intelligence Value Chain  What is Business Intelligence Value Chain
Business Intelligence tools
Business Intelligence tools  What are the different business analysis tools
Applications of Business intelligence
Applications of Business intelligence  What are the applications of Business intelligence in an enterprise
Business Intelligence for Decision Making
Business Intelligence for Decision Making  How do business intelligence helps in better decision making
Business Intelligence for Competitive Edge
Business Intelligence for Competitive Edge  Is business intelligence useful in gaining competitive edge
Business Intelligence
.    Business Intelligence in Healthcare To make a profit... Business Intelligence       What is Business Intelligence Business Intelligence is a form
Big Data and business intelligence
intelligence question? How to get started with business intelligence using Big Data? Which technologies can be used for Big Data and business intelligence... intelligence related questions. How to get started with business intelligence
Business Intelligence in 2018
Business Intelligence in 2018  Hi, We have seen BI growth in last few years. What are the scope of Business Intelligence in 2018? Thanks   Hi, Business Intelligence or simple BI is the application of various machine
What is Artificial Intelligence?
to make them capable of using Artificial Intelligence in their business...Artificial Intelligence and Machine Learning Artificial Intelligence is sub... for introducing intelligence into machine. This field is very popular these days and many
What is Artificial Intelligence?
to make them capable of using Artificial Intelligence in their business...Artificial Intelligence and Machine Learning Artificial Intelligence is sub... for introducing intelligence into machine. This field is very popular these days and many
ModuleNotFoundError: No module named 'profit'
ModuleNotFoundError: No module named 'profit'  Hi, My Python... 'profit' How to remove the ModuleNotFoundError: No module named 'profit'... to install padas library. You can install profit python with following command
What are applications of Artificial Intelligence?
Artificial Intelligence in Business Artificial Intelligence in Bioinformatics... Artificial Intelligence in Biotechnology Artificial Intelligence in Business... Intelligence is vast and all the type of business can use this technology
What are applications of Artificial Intelligence?
Artificial Intelligence in Business Artificial Intelligence in Bioinformatics... Artificial Intelligence in Biotechnology Artificial Intelligence in Business... Intelligence is vast and all the type of business can use this technology
ModuleNotFoundError: No module named 'intelligence'
ModuleNotFoundError: No module named 'intelligence'  Hi, My Python... 'intelligence' How to remove the ModuleNotFoundError: No module named 'intelligence' error? Thanks   Hi, In your python
Make Profit with Outsourcing,Profit from Outsourcing,How You Can Profit from Outsourcing
Make Profit with Outsourcing Introduction When a business is growing... business. In the example cited above, you can outsource the web site development... business and delegating other non-core functions frees up your time and resources
Artificial Intelligence
Artificial Intelligence - Next level in machine learning In this section we are providing you tutorial of Artificial Intelligence and deep learning... details ide about the Artificial Intelligence and machine learning. If you
ModuleNotFoundError: No module named 'cofense-intelligence'
ModuleNotFoundError: No module named 'cofense-intelligence'  Hi...: No module named 'cofense-intelligence' How to remove the ModuleNotFoundError: No module named 'cofense-intelligence' error? Thanks   Hi
ModuleNotFoundError: No module named 'cofense-intelligence'
ModuleNotFoundError: No module named 'cofense-intelligence'  Hi...: No module named 'cofense-intelligence' How to remove the ModuleNotFoundError: No module named 'cofense-intelligence' error? Thanks   Hi
ModuleNotFoundError: No module named 'ip_intelligence'
ModuleNotFoundError: No module named 'ip_intelligence'  Hi, My... named 'ip_intelligence' How to remove the ModuleNotFoundError: No module named 'ip_intelligence' error? Thanks   Hi, In your python
ModuleNotFoundError: No module named 'ip_intelligence'
ModuleNotFoundError: No module named 'ip_intelligence'  Hi, My... named 'ip_intelligence' How to remove the ModuleNotFoundError: No module named 'ip_intelligence' error? Thanks   Hi, In your python
ModuleNotFoundError: No module named 'phishme-intelligence'
ModuleNotFoundError: No module named 'phishme-intelligence'  Hi...: No module named 'phishme-intelligence' How to remove the ModuleNotFoundError: No module named 'phishme-intelligence' error? Thanks   Hi
ModuleNotFoundError: No module named 'travel-intelligence'
ModuleNotFoundError: No module named 'travel-intelligence'  Hi, My... named 'travel-intelligence' How to remove the ModuleNotFoundError: No module named 'travel-intelligence' error? Thanks   Hi
What are prerequisites for learning Artificial Intelligence?
What are prerequisites for learning Artificial Intelligence?  Hi, What is Artificial Intelligence? What are prerequisites for learning Artificial Intelligence? Thanks   Hi, What is Artificial Intelligence
Who is father of Artificial Intelligence?
John McCarthy - father of Artificial Intelligence American computer scientist... is know as the father of Artificial Intelligence. He developed program in Lisp programming language and he was early influence of AI (Artificial Intelligence
Who is father of Artificial Intelligence?
John McCarthy - father of Artificial Intelligence American computer scientist... is know as the father of Artificial Intelligence. He developed program in Lisp programming language and he was early influence of AI (Artificial Intelligence
Business Analysis
Business Analysis  What is Business Analysis
Grant Writing
Grant Writing Grant Writing You need money to start a business, expand or develop your small business, launch a non-profit, or promote
Artificial Intelligence Disciplines
Artificial Intelligence - Combination of many Disciplines Artificial Intelligence is simple a combination of many disciplines of science, Biology, Neurology... in Artificial Intelligence and it requires developers to learn a lot of things
Business analysis
Business analysis  Hi, Could you please let me know the business potential for vehicle tracking system in india for next 5 years

Ads