Business Intelligence for Profit
How do business intelligence helps in increasing profit of an organisation?
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December 19, 2012 at 4:58 PM
Implementation of Business intelligence in an organisation can prove to be a key element of making profit for the business and helps the organisation to gain a competitive advantage and improve efficiency.
The combination of business intelligence tools with operational data can be deployed for various profit making factors of an organisation:
- It encourages fact-based selling tools that increase the sales.
- Targets profitable activities that ultimately lead to profit increase.
- Enhances customer loyalty that leads to retention of customers.
- Improved sales forecast.
- Achievement of budgeted sales target.
- Adds to the number of high-value customers in the customer mix.
- Discourages the activities of low yield in sales process.
- Encourages higher-yield promotions and advertising.
For more information on role of business intelligence in profit making you can
refer to the links provided below:
BI: Key for building profits in B2B
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