Tag Archive business intelligence

5 Quick Reasons Why You Should Choose Business Intelligence

In this day and age, you may want to have all those budding tools to have that edge over your rivals. For this, Business Intelligence (BI) is a must. BI refers to tools, applications, technologies,and practices, required to collect, integrate and analyze your business data to create insightful business information.

As a technology-driven process, BI helps your corporate executives, managers,and other operational professionals make informed decisions. Moreover, it also helps cut costs, explore better opportunities, and spot inefficient business processes.

Did You Read: 4 Most Important Elements of Effective Social Media MarketingDig deeper to get an insight into why you should hire a business intelligence company and how BI is vitalto your business success.

1. Proper Insights

With the help of Business Intelligence Company, you’re able to detect areas of improvement, determine market positions, gauge supply and demand and measure product viability. Besides, you can also spot sales opportunities, improve lead generation and learn customer behavior and so on.

Proper Insights for Business Intelligence

2. Productivity Boost

Do you still adopt the age-old methods of compiling and analyzing to prepare your report? If so, chances are you’re wasting too much time. With a comprehensive BI solution, you can easily pull data and develop the business reports at the click of a button. Thus, you can have time enough and free up your employees so that can be more productive on their own tasks. You can also focus on your business core objectives.

Productivity Boost in Business Intelligence

3. Overall Picture of Performance

Business Intelligence Professionals empower decision makers by providing them with dashboards and scorecards to get a complete picture of corporate performance. Based on the reports, you can easily tailor metrics, KPIs, and milestones for aligning with your business strategies and aims.

Performance Matters in Business Intelligence

4. Easy Analytics

Earlier, businesses had to make a big investment to analyze the industry as they required a team of professionals to do this. It was cumbersome. But, by incorporating BI techniques, you’re able to analyze competitor’s business, collect and process data easily and ultimately put the power of analytics from the hands of the few to the hands of the many. You just need to look for company that provides business intelligence solution.

Easy Analytics for Business Intelligence

5. Established Goals

No doubt, as an entrepreneur, you establish a set of reasonable goals for your project or other venture. Your aim may be to come up with the result that is drastically different. When you partner with a good business intelligence company, you can track information and access it anytime anywhere when you need. Professionals at SI-Insights go a long way to help you achieve what you aim for.

Established Goals for Business Intelligence

Read Our Previous Blog: Case study on How Social Media Help Patient: Impact of Social Media on Healthcare

 

BI Solutions at SI-Insights
SI-Insights is a holistic approach for next generation business intelligence solutions. When you partner with us, we give you the opportunity to reap potential benefits. Our experienced and skilled professionals enable you to accelerate and improve decision making, optimize the internal business process, increase operational efficiency, drive new revenues, gain competitive advantages over business rivals, discover market trends and spot business problems that need to be addressed.

To understand more about Business Intelligence or buy our services, contact us.

All That You Should Know About Supply Chain Intelligence in 2018

Are you looking for ways to tackle the increased global complexity of supply chains? Are you wondering where your performance is weak and wrong? If so, you lack EXPERT Supply Chain Intelligence solution.

The supply chain intelligence is more than just about simple reporting. The key is to create a truly successful strategy through a combination of business intelligence and data integration technologies.Supply Chain IntelligenceLet’s dig deeper and get insights into ‘Supply Chains’and ‘Supply Chain Intelligence’and determine how it is beneficial for your business.

Supply Chains

‘Supply chains’ is highly complex.  Plenty of internal processes,including purchasing, procurement, and inventory management, come to its purview. Transportation, distribution, and logistics managed by external constituents are a part of supply chains. All these need to be seamlessly coordinated. A proper flow of supply chains requires structured workflows impeccably. To ensure this, you need uninterrupted sharing of real-time information among your supply chain partners.

This is where comes the importance of supply chain intelligence.

Read also: 6 Digital Marketing Mistakes You Shouldn’t Repeat in 2018

Supply Chain Intelligence:

Supply Chain Intelligence is a comprehensive way to tackle the increased global complexity. It presents powerful analytics like customizable reports, crucial data from all trading partners. It enables you to measure where the performance is weak and strong, and allows to make smart strategic decisions.

Further, the supply chain intelligence brings transparency in key supply chain roles, functional dashboards like procurement,inventory, production etc. It also offers point solutions, which contain spend analytics and demand forecasting.

The concept of Supply Chain Intelligence is nothing new. But, until recently, few companies have partnered with leading companies to manage their supply chain network efficiently and quickly. By this way, they achieve the required level of functionality and support broad-reaching supply chain intelligence initiatives.

Key Features:

Supply chain intelligence comes equipped with the following features:

  • Ability to analyse KPIs and metrics
  • Building a picture of supply chain performance
  • Pre-built best practices dashboards
  • Generating reports with the option to customize
  • Automatic alerts based on user-defined exceptions

Here’ Why Supply Chain Intelligence is a Must

There are a whole lot of benefits you can reap by implementing supply chain intelligence to your business. Key benefits include:

  • Improving workflow design
  • Enhancing strategic planning activities
  • Tracking tactical processes
  • Discovering breakdowns – before they impact fulfilment
  • Collaborating and communicating with key stakeholders
  • Assessing the performance of supply chain partners
  • Monitoring costs, and identifying areas for revenue success

How SI-Insights Helps You with Supply Chain Intelligence

SI-Insights is a leading provider of supply chain intelligence. It builds an organization around a simple but powerful ideas and setting an industry benchmark. Despite generating data, SI-Insights is also engaged in providing insightful findings that help you make smart decision making.

The tool used by professionals at SI-Insights can let you have insight into your supply chain performance. You can get customizable and easy to read reports and dashboards with industry-standard metrics. The reports easily monitor the performance of your supply chain elements in real-time. The supply chain intelligence also includes analytical tools that help you have deeper insight into trends over time, your supply chain operations and much more.

Read also: Pharmaceutical Sales Force Deployment Benchmarking-Importance of Self Assessment

If you have any issue related to your supply chain intelligence, get in touch with Si-insights.

Thinking about Social Media Benchmarking? Things You Should Know to Measure Business Performance

Technology is transforming. And digitization has changed the way you do your business. Today entrepreneurs are digging out new processes,incorporating new ways and setting new strategies to take their business to the next level.

Measuring your business performance based on the digital research report or social medical benchmarking is enterprises’ comprehensive approach. If you are not familiar with the social media benchmarking, this blog is worth a read.

Let’s dig deeper and get insights into social media benchmarking report.

What is Benchmarking?

Benchmarking is a typical process. It includes comparing one’s process and performance metrics. Or it involves finding out the best practices of competitors.

Benchmarking is a method, applied to make sure – what you are doing is best. It is the way to recognize the performance of any effort or understand how well you are doing. It is what drives your business core objectives. Without it, you can hardly understand where you are standing in the market.

Find out how benchmarking helps businesses!!

It is important to know that top management doesn’t care about the end of season sale. What they care is they are ahead of their competitors in terms of sales growth. Benchmarking enables determine whether or nottheir business is making more money. If the business is growing better than previous years, that is obviously good.

To justify or analyse business performance or prepare internal assessment, benchmarks are considered.

Social Media Benchmarking

Social networking sites have become the most common platform to generate leads and earn brand name. Given to that, more and more businesses are considering social media benchmarking to overview their performance. The traditional way of benchmarking is being replaced by the social media benchmarking. The objective of this new method is to gauge your own performance – or generate a digital report.

Experts measure the top line performance of your business’ social media efforts through a social network’s inbuilt analytics. They try to know how yourcompetitor is performing on social media.

Example
Assume that you run a campaign on Diwali. How will you know where the engagement score stand on this campaign? This is where social media benchmarking plays a significant role.

With the help of it, you are able to see where the engagement score on your Diwali campaign stands when compared to the score of competition’s Diwali campaign.

Metrics to Benchmark

Initially, professionals start by benchmarking fundamental metrics that include community growth. Then then get ahead to the metrics like frequency of posting, share of voice and customer service.

To better understand, let’s take a glance at metrics to benchmark of two popular social networking sites – Facebook and Twitter.

Facebook Benchmarking

For Facebook, metrics to benchmark may include Fan growth engagement Score, people talking about, daily active users on app (DAU), monthly active users on app (MAU), brand participation in user posts, admin participation, average reply time, and campaign intelligence.

Twitter Benchmarking

For twitter, experts consider follower growth, engagement score, favorites, retweets, tweet count, tweet frequency, tweet type distribution, mentions, response rate and average reply time, etc.

Listed above are the key metrics on the basis of which Facbookand twitter benchmarking is considered:

Precisely speaking, the nature of digital age is believed to witness constant changes to the following:
• metrics available
• key metrics to benchmark
• Actionable insights to inform content strategy

Conclusion

As we discuss above, it is clear that benchmarking is the right way to have contextual overview of your business performance. However, to reap extensive benefits, you should look professionals’ help who can provide you with correct digital research report or conduct benchmarking. They can help you level up your social media strategy.

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