The effective use of business intelligence has the power to support and grow any business. The key is effective use of business intelligence.

Business intelligence has a long history in supporting business, from the days of filing cabinets full of information to computer storage and data warehousing. If you’re interested, click here to read more information on the history of business intelligence.

These days, business intelligence is a broad term referring to the technology, the applications and the practices that collect, integrate and analyze business information, with a goal of supporting decision-making processes. Effective business intelligence tools can give you various views of your business operations – historical, current and future or predictive views.

But like many other components of your business, rather than rushing in by finding a business intelligence solution, it’s best to start by developing a valuable strategy that can then be executed on.

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by Danielle Canstello