How SMEs benefit from a Business Intelligence solution

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One of the main drawbacks of SMEs is the time wasted searching for the information needed to operate, decide, and manage.
Making good decisions requires processing large amounts of information efficiently, and this is where BI tools provide specific benefits:

Access to information provides a quick return on investment.
It allows you to obtain a summary of the business in just the right time from any device and at any time.
It helps each area gain autonomy over its data, freeing up the workload of the IT team. It provides key indicators to adjust internal gears and obtain better profitability.
The implementation of a BI solution comes with useful tools to better understand and manage the business more efficiently.
It allows you to standardize reports and evaluate different areas with the same criteria.
It relieves the workload of the IT team by freeing jamaica number data up resources allocated to generating reports, optimizing systems, etc.
It can help you compete with larger stores or gain more market share, for example, data on the cost of acquiring our new customers.
Software is becoming easier to use and more affordable: New technologies leverage the cloud, web 2.0 and open source to better adapt to SMEs.
SMEs deal

On the other hand, SMEs gain in Transparency, Time Savings, Results and Productivity Improvement:

Greater transparency: without having to wait until the end of the month or quarter, you can see precisely what is working and what points need to be reviewed.
Time Savings: Dashboards can be set to update automatically, avoiding the time lag between requesting a report, extracting the information and “massaging” it according to the analyst’s knowledge. They can provide information with historical context of what happened the previous month or the same period last year.
Better Results: By being able to navigate their own BI solution, SMB executives can focus on the key performance indicators (KPIs) that are most relevant to improving overall operations, rather than chasing the wrong ones.
Productivity improvement can be analyzed from 2 approaches:

The visualization of general and area KPIs helps achieve effectiveness across all areas involved.
Allows you to continue analyzing data outside the office, using a tablet or smartphone.
10 keys to Business Intelligence
SMEs BI

Active participation within the company
For BI strategies and reports to fulfill their purpose, the entire company must collaborate, including managers, middle management, and those who operate or produce the information.

Communication and transversal action
To achieve specific objectives, communication between each area must be fluid, as must the flow of information.

Focusing efforts towards success
BI can offer great results and contemplate volumes of data that are too large for an organization. Therefore, it is recommended that the first steps be focused on business intelligence with the use of very specific data in order to be able to manage it effectively, and in the long term, to expand the volume of information.

Changes in the organization towards Business Intelligence
When you start your BI strategy you will notice the changes that will be necessary to make in the company's organization:

provide training for software management,
restructure and relocate the positions of contracted personnel
or incorporate a new profile into the company.
Don't focus on economic metrics
Thanks to this strategy, you will also be able to know your users' preferences, shopping hours and days, the most popular promotions, etc. So take advantage of all the information to improve every area of your company, from customer service, sales, after-sales and marketing.