Plan meticulously before launching a business intelligence (BI) project. Effective root cause analysis of customer feedback relies on the organization collecting the relevant data to ensure meaningful insights can be extracted from it. Therefore the feedback provided must be recorded effectively and analyzed promptly to implement corrective actions.
Best-in-Class medical practices recognize the importance of these factors and have aligned resources internally or externally to provide access to more key business data, metabolize new disparate data sources quicker, and deliver valuable insights within the window of opportunity to effect positive change.
The corporate strategy must be able to be broken down into lower level business requirements, that in turn can be scrutinized by the BI Program Team to determine what BI methodology and what supporting BI technology will help deliver to that requirement.
The telecom companies can increase profitability by creating a predictive modeling for identifying potential churn candidates and non-revenue earning customers; and can increase revenue and profitability by targeted campaigning and promotional offers which will not only retain these customers but also convert the non-revenue earning customers to profitable revenue earning customers.
Your business is only as good as the company it keeps, so make sure careful pro-active analysis and ongoing assessment is done on partner performance and consistency. The nature of Business Intelligence projects permits to execute every phase or activity from “important” point of view: doing well with no other stress but time milestones.