You must have heard about artificial intelligence, it is pretty straightforward and understandable. But what about business intelligence? You didn’t ever hear about it and I am sure about that. If we break both the words Business and Intelligence you may easily deduct that it is about your business's analysis and customer relations with the intelligence. If you are an owner and want to make better decisions for your business then it is essential that you evaluate all the analytics and reports on a daily basis. Your dashboard should look full at the end of the day.
Business intelligence can help in sales and the improvement of digital channels. If you are an online business or eCommerce shop like amazon, it is proven that you will definitely need business intelligence. But to understand more you will have to go through the benefits of business intelligence for your eCommerce business.
Benefits For Your Business Intelligence
If you have ever started a campaign then you must understand the importance of business intelligence during the campaign, whether it be related to your business or not.
If you build your website with proper UX and UI it is possible that you will get more reach. In an eCommerce business, you will have to keep your customers happy, and in order to do that, you will have to keep the navigation proper. Business Intelligence is a perfect solution for keeping your UX and navigation in alignment.
The market trend is another thing that can work efficiently with the help of Business intelligence.
If you use business intelligence on daily basis then you will understand that your need or reach is rising day by day. Business intelligence provides you with a better social media strategy. With the help of business intelligence, you may also reach your targeted audience easily.
Through business intelligence, you can understand what a certain kind of customer needs. Business analytics also provides you with smoothness with your customer.
These were the reasons why should you use Business intelligence in your eCommerce business. But these can not be considered actual advantages of it. Here are some exact advantages of using Business intelligence.
First of all business intelligence may reduce the cost wasted on human resources.
If your business is not running well on internal problems or processes then you should choose and try business intelligence it may help you through improving your internal process.
If you are using business intelligence then there is no matter of partiality, you may actually earn a more useful and authentic plus real audience,
Your brand will be on the fortune 500 in no time.
You may actually work in more flexible ways, I personally think that working with business intelligence is far better than working with a business analyst.
Tools To Use To Analyze Your Business Intelligence
What is the first application that comes to your mind when you think of the word analysis? For me, it is google analytics
. Most eCommerce websites use google analytics for their business. But if you can not afford google analytics for business then don’t worry at all we got you. Here is some other business intelligence software.
Looker is one of the best business analytics software. Ultimately this service is provided by google cloud. Its UI and UX seem like google analytics. Also, it provides you with Dashboards easy integration.
As Looker is provided by Google, in comparison Microsoft has launched its own business intelligence tool Power BI. It has AI functionality, which is the most appreciable and stand-out feature of Power BI
. Power BI can also easily integrate excel sheet data.
Magento business intelligence
If you are using Magento then this business intelligence software is for you. If your host is Magento then you might get a very good business approach by the use of Magento business intelligence software. It integrates different analytics services, enhanced Facebook ads, other ads, Mailchimp and so much more.
From Magento business intelligence you may also download your customized detailed reports and it definitely gives you better-analyzed data.
To complete the talk, there are three pillars of business intelligence collection analysis and the use of segments. The goal of your business for using business intelligence should be first collecting the big data than analyzing it for better outcomes in the future and then using it to taking proper decisions.
can provide you with a higher definition of the business world. Also, when you collect it you should take care about whether it is aligning with your manual reports or not. If it does then you will know that Business intelligence is working as good as rain for your business. It provides you with much more sales than you have ever imagined. Business intelligence does not only enhance the information you provide to your client but it also gives you the insights of what your clients really need.
Harnil Oza is a CEO of HData Systems - Data Science Company & Hyperlink InfoSystem a top mobile app development company in Canada, USA, UK, and India having a team of best app developers who deliver best mobile solutions mainly on Android and iOS platform and also listed as one of the top app development companies by leading research platform.