Business intelligence is a broad category of software solutions that collect, integrate and analyze data to provide actionable information that helps users make better business decisions. BI solutions can include data warehouses, data mining and analysis, reporting
Business intelligence solutions are used by businesses to make better decisions by giving them access to accurate and timely information. These solutions help companies better understand their customers, their business processes, and the trends impacting their industry.
BI solutions can be used to improve customer service, increase revenue, reduce costs, and improve decision making.
Some business intelligence solutions are used to support specific business processes, such as customer relationship management or supply chain management. Others are used to support specific decision-making tasks, such as financial planning or marketing decision-making
Business intelligence solutions can be deployed on-premise or in the cloud. Cloud-based solutions are often more scalable and easier to implement than on-premise solutions.
Some business intelligence solutions are used to support specific business processes, such as customer relationship management or supply chain management. Others are used to support specific decision-making tasks, such as financial planning or marketing decision-making
Business intelligence solutions can be deployed on-premise or in the cloud. Cloud-based solutions are often more scalable and easier to implement than on-premise solutions.
Retail and E-commerce
Retail and E-commerce businesses need to manage a variety of data, including information about suppliers, inventory levels, customer behaviour and employee productivity. BI can simplify data management and help businesses efficiently analyse data to gain useful consumer insights.
Using BI, data can be combined and presented to accelerate business reporting or optimise supply chain processes. For a large Ukrainian retailer, AIACME developed a single, integrated data warehouse that resulted in more accurate financial reporting and better segment offerings.
Energy :
By tracking and monitoring energy consumption over specific time periods, BI can help companies in the energy sector gather important energy efficiency data. Companies can also use BI to predict threats related to power outages and address other pressing issues. Initiatives to transition to clean and sustainable energy use are also being driven by analysis of AIACME BI.
A large Swedish utility benefited from data-driven decision making thanks to the implementation of AIACME BI. Ad-hoc reports and self-service tools are now more easily accessible to management, which has led to better focus for management decisions.
Agriculture :
Businesses that rely on predictions can now benefit from the power of predictive data analytics, thanks to BI. One such sector is agribusiness, where the adoption of cutting-edge technology such as IoT devices can give agricultural businesses a complete view of data such as weather forecasts, moisture content, temperature, wind direction and more. The dashboards and reports can then be used by businesses to make better decisions, such as irrigation, or to take the necessary actions to protect crops from adverse conditions.
When it comes to large-scale data storage solutions for international players, like this cloud data management solution AIACME developed for a major agro-industrial group, BI can scale for agriculture from reporting tools for small and medium-sized businesses. know more about smart agriculture
Banking :
The ability to continuously monitor overall business performance and address specific customer needs is critical to the success of financial services. By integrating BI into data management workflows, banking institutions can better understand their customers, identify new digital opportunities, and connect data silos from different apps and services. This not only helps banks with their balance sheets and tracking profits and losses, but also improves the user experience.
One example of how BI has helped a major bank improve its customer experience and manage the expansion of internet banking is UK-based Metro Bank.
Manufacturing :
BI enables manufacturing companies to increase the productivity of their production facilities and customer loyalty. Business intelligence (BI) enables companies to turn data into useful insights about production, sales, safety and revenue – whether it’s making more informed decisions, eliminating information bottlenecks or figuring out how to focus on and target overseas sales. In addition, analysing and visualising sensor data in manufacturing plants helps predict hardware problems and reduce production disruptions and downtime.
Conclusion
Companies looking to ride the wave of rapid change with data-driven decision-making and forecasting face a growing challenge. AIACME BI Solutions enable companies to organise their data in a clear and user-friendly way. Business owners gain the ability to make decisions in hours instead of months, and their employees gain easy access to the data they need to perform their tasks and workflows.
At AIACME, we have been providing world-class digital services for many years and are well-positioned to help businesses harness the power of business intelligence. Contact us today to find out how our experts at BI can help you reap the benefits of customized business intelligence in your organization.
