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Benefits of a Business Intelligence and Analytics Strategy

Benefits of a Business Intelligence and Analytics Strategy High-performing companies use analytics solutions strategically. What does your company do? Making analytics and metrics easy for employees to use will help the people within your company understand your business and achieve success. A business intelligence (BI) and analytics strategy empowers your employees with the right information at the right time. The result? Insightful business knowledge with the ability to anticipate change and uncover new opportunities. Are your company's straegic decisions based on the right information? Most companies say thatinformation makes an important contributionto: SEP 77% 73% 71% 71% 71% 69% 52% Customer Operations Cost Competitive Intelligence Sales Product Brand Support Processes Management Development Awareness Is Is your company ready to use analytics information strategically? your company looking to unlock the value of its company information? Information is a critical asset of business: High performing 27% of firms do a better 50% companies are likely to use analytic information strategically more yet only job of using information than O most of their competitors Where could your company use help in creating a successful analytics program? 74% of companies have difficulty defining business requirements Does your company make analytics widely accessible? Currently only 13.5% of organizations have wide-spread reliance on BI/analytics on a daily or ongoing basis; while have 29.7% just pockets of regular use in some departments Does your company have a plan for delivering a successful program? 27% SPPE of organizations have a clearly defined BI and 223 analytics strategy 17% don't know whether they 57% have one or not or eer A CSI don't What benefits could your company achieve with a Bl and analytics strategy? O 20% reduction in BI expenditures when multiple BI tools are consolidated into a standaradized enterprise-wide portfolio 16% 69% %24 higher revenue per employee when a thorough understanding of business and technical lower Bl expenditures (as % of IT spend) when they have a formal BI organization/ competency center in place requirements for Bl is in place A Get Our Updates: THE ANALYST AGENCY, LLC 50 Fountain Plaza, Suite 1400 Buffalo, NY 14202 (716) 771-0620 ITheAnalystAgency all |lanalystagency THE ANALYST AGENCY Our Eyes On Your Growth O/stevenczyrny source:

Benefits of a Business Intelligence and Analytics Strategy

shared by britneychristine on Mar 31
The benefits of business intelligence (BI) have pushed analytics to the top of the agenda for many small and midsize businesses. SMBs are more frequently seeing the advantages of utilizing the vast am...


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