BI Tools and their Innovative Applications
Have you ever realized what is it that the word needs most when it comes to operating business in this fast paced and competitive market? It needs the sheer intelligence to carry on business to carry on despite all odds and faltering market conditions. Hence, it is essential that employees engage themselves in making the most of their operating information. This will prove beneficial in attaining a competitive edge over others. At the same time, it would help in improving efficiency. All this can be achieved with the help of new age Business Intelligence tools that acts advantageous to the B2B marketing and other sales processes.
When you merge innovative Business intelligence tools with your organization’s operational data it can assist you to attain the following:-
- Increases sales making use of selling tools based on facts
- Get budgeted sales
- Get profits by targeting profitable actions
- Enables you to predict future behavior of customers and prospects
- Reduce low-yield activities in the sales process
- Reduce customer loyalty and maintain them forever
- Deploy high end promotions and advertising tools
- Increase the accuracy and timeliness of sales predictions
- Increase proportion of high value users in the customer mix
Leading market players in Product R& D Services today have forayed into the market to assist their users and clients in setting up cost-efficient, robust business intelligence tools. For this they utilize a mix of open source, proprietary, and stand alone technologies. These service providers have their support and engineering teams and project execution engineers having experience in a wide range of Business intelligence tools having multiple purposes such as, data processing and data acquisition.
It is an enterprise’s capacity to gather access and evaluate quickly the crucial data for arriving at successful business decisions. An essential factor in offering successful business intelligence as well as data warehousing solutions is providing high performance in a minimal cost. Eminent service providers offer software product development and support service for every aspect of business intelligence and data warehousing. The focus areas are as follows:-
- ETL and Data Warehousing
- Enterprise Performance Management
- Reporting and Analytics
- BI Tool Benchmarking and Integration
Furthermore these eminent service providers partners with their BI-enabled enterprises and ISV’s to assist and develop effective, cost-efficient business intelligence solutions that makes use of innovative and proven methodologies. Finally, it has a mix of open source (Pentaho, JasperSoft), proprietary (Oracle, Microsoft), and stand alone Ab Initio, Informatica, BiRT) technologies.
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