Goals and objectives of marketing activities
The goals and objectives of marketing activities echo the overall goals and objectives of the enterprise. Marketing activities should contribute to the development of the enterprise in the chosen direction,…

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Deposits with interest capitalization
A deposit is the least profitable financial instrument, but at the same time the least risky. If you keep deposits in different currencies and more or less stable banks (no…

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Enterprise Opportunity Analysis
The information obtained in the course of factorial market research shows what problems exist in the activities of the company, and allows us to formulate proposals for their solution. However,…

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How to implement BI analytics

In order to figure out how to implement a business analyst, you need to understand how to work with it as a whole.

BI is software and applications for working with company data analysis.
There are three important steps in working with BI analytics:
data mining
real-time analytic processing
receiving information and reporting
The benefits of working with BI are very large. By increasing the speed of data acquisition, you can make management decisions based on BI reports, without waiting for IT analytics.

Do companies often use BI-systems?
The work with such systems is practiced by restaurant chains most actively. This is due to the specifics of changing dishes and improving cooking processes.
At Wal-Mart retail chains, such an analysis is also relevant. Amazon and Yahoo, Capital One, are all active users of this kind of analytics.

Implementation
Before starting the implementation, decide what type of analysis you want to receive, graphs, online reports or paper reports. What will be the completeness of information and quality.
And the main thing to understand why you will need them and how often they should be provided.

All implementation processes should be thought out and distributed evenly among company employees. All employees must fully understand the new processes and master them. Start with a sales rep. They are always the most active employees who will quickly perceive and accept innovations if they really help them make more sales. There are also IB platforms that help you create an owl project and test it.

Steps to run BI analytics
Check the accuracy of the analysis
Check how complete information on working with BI was received by all employees.

Even if the first time is not a perfect result, continue to work and do not stop reporting, so you will identify errors and in the future you will not allow them
Come up with a “repository” for the data
What are the advantages and what to strive for

BI-analytics is aimed mainly at reducing the costs of the organization. Consequently, such a system pays for the time resources spent. You can also operate with the obtained data at business meetings, negotiations with partners and customers of the company.

BI is a great tool for executives. It will help the growth and development of your company, competent management and will give high positive results.

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