1. Business intelligence software can help you interpret key data faster.
With advanced visualizations, you can choose between multiple different ways to display detailed data, making it easier to use and understand. Instead of merely printing out a spreadsheet and passing it out to team members to drive home a point, business intelligence tools can help you create different visuals of your data.
For example, a sales heat map can be a great tool to quickly show managers how their current week’s sales numbers compare to last year, and how his or her store has done compared to the other locations in the region.
Another useful tool is a trend graph that can show how a menu item is selling over time or how the sales of one set of products compare to others.
2. Business intelligence tools can provide your enterprise with a single source of truth.
We all know it: sales reports are a great tool. But, they’re just a great starting place. Greater knowledge can be gained when you compare multiple data sets together. With business intelligence software, you can compare sales metrics and labor metrics at the same time. The ability to do this enables you to see how one set of data impacts another set of data.
3. Business intelligence tools help you improve efficiency.
Before intuitive software developments, teams of business analysts spent countless hours creating, processing, and formatting dozens of spreadsheets, every month, hoping to arrive at some usable information. Today, business intelligence tools can complete the same work in moments, and produce a more attractive, compelling report. Also, software takes human error out of the equation.
You can save time, money, and costly errors with the correct software for your enterprise. What’s more? Business intelligence software empowers your staff to create their own reports, efficiently helping them answer specific questions.
4. Business intelligence software can create automatic reports, making sure your critical information is available on time.
Worthy business intelligence tools can automatically distribute reports to you and your team. Reports and usable visualizations can be shared online with a single URL, or through e-mail. Some users choose to view reports in the morning, at lunchtime, and again at closing. Users can access reports on computers, laptops, tablets, or smartphones, regardless of their operating system. While information is important, the accessibility of it is equally crucial. Key leaders, management, and team members need to know what’s happening to stay on the same page.