In my last article I shared why having a Business Intelligence Vision was important, and how to go about creating a vision to describe how business intelligence will improve performance in your organization. Business Intelligence tools help the telecom service providers to perform data analysis and to predict churn probability of a particular customer. Business intelligence tools combine software for customer acquisition and retention. Often, many individuals believe that competitive intelligence is collected solely from journals, articles, employment notices, internet pages, and other written publications which may provide data points for analysis.
There are several challenges when a business intelligence solution is implemented in a huge scale of millions of customers. By the end of this tedious process, he has a list of thirty customers who have not changed their oil in twelve months or more. Intelligence tools are based on the use of information systems that bring together data from production processes, information relating to the business and economic data.
During the planning phase, a business or organization must identify the intelligence needs and requirements one directly has of his or her competition. These decisions are actually what will take the business to the next level or advance in its field. It is all about determining future market demand, through an analysis of the current market and past sales data.
One of the prime benefits that businesses may draw from such an advance analytics is the advantage of data visualization and prescriptive analytics. Extra-Enterprise Users: These users are usually not a part of an organization and are external sources that help the companies in taking more tactical decisions.
Visionary sales managers have the knack to anticipate future market trends and prepare their company to effectively handle future challenges, to optimize efficiency and add more revenue. Business Intelligence design, development, deployment and training areas requires of abundant knowledge and expertise about several information technology subjects, like core systems and its databases, infrastructure and access and security.