When you have a small team, too much data can be your downfall. To compete with larger companies, many small businesses may need help to see real value from analytics. If your company is ready to grow, you may be wondering, “What’s the value in business intelligence?”
Business intelligence can help your team improve planning, respond quicker, and pivot. But, not every BI solution is right for a small business. To see value with business intelligence, you need the right data to use your time and money well.
Here’s how your small business can use BI to deliver value in under a month.
Better Business Intelligence Leads to Happier Customers
You may be surprised to discover business intelligence goes far beyond website analytics. In fact, the right BI project can help you analyze data and improve almost any area of your business. But, you need to know how to use business intelligence well first.
As companies shift online, customer expectations have shifted. Time is of the essence when it comes to production, inventory management, and delivery. Responding quickly to increasing demand relies on understanding where your processes need improvement.
These days, keeping customers happy requires ongoing optimization. Agile analytics allow your team to find opportunities to optimize at every stage.
Whether you improve your customer service, supply chain management, or distribution, small changes can transform the customer experience. Happy customers lead to more referrals, more business, and more money in your pocket.
Take Advantage of Running a Lean Business
Sometimes, a small business can use its size to its advantage. While larger companies need to consult shareholders, a small business can jump on new opportunities fast. For example, a targeted BI project for production can show easy ways to improve productivity in just a few days!
Integrations can show the data you need to improve your sales process, pricing strategy, advertising, and more. It’s easy to see connections you may have missed by integrating your services with BI tools. Plus, a BI project can show only the data you need to see, making understanding analytics easy.
Part of the value from analytics is setting benchmarks to measure improvement. Even minor changes in your small business can boost orders and profits. Measuring success and ongoing testing can help your business keep expanding.
You may even find new ways to automate your business and save money! A collaborative, agile workplace can only get stronger with analytics. Self-service business intelligence solutions show a data dashboard that’s useful instead of overwhelming.
An agile environment can help you make improvements faster than competitors. With easy to understand analytics, your business can thrive with BI.
Find Value With Business Intelligence Solutions
Many business owners know there are many ways they can get value from analytics. But, if you’re swamped in data, finding opportunities can feel like finding a needle in a haystack. That’s where small businesses need a unique BI solution to help them grow.
If you’re ready to start using analytics, there are tools that can help your small business drive value with business intelligence. Check out these 6 powerful BI tools to discover which solution is best for your business.