We live in an age where we are surrounded by information. Global digital information is approaching one zettabyte, nearly 300 billion emails are sent each day and the information we produce in two days is equivalent to that which was produced from our inception through to 2003. Business data is expected to grow tenfold over the next four years which will add to what are already mountains of information.
In order to be effective businesses need to be able to extract information which is timely, accurate, consistent and reliable. There is no value in having yesterday’s weather report today, the moment has passed.
What is required is a strategy which will prescribe how information will be used across an organisation to add value. A strategy will provide information about what information is required, the format and how and when it will be distributed to recipients.
BI (Business Intelligence) has been around in a simple form since the 1990’s. There has been little change in that area, that is until now.
In today’s turbulent times it is more important than ever to be able to gain insight and have the ability to be able to react quickly. Business information, if approached in the right way can help predict events and add huge value in the planning process.
Those businesses that are armed with accurate information will be able to make informed decisions about people, products, processes production purchasing, sales, customers and finally profits.
Wolf Group will empower your business by giving you the information you need to make informed, accurate decisions. For a FREE no obligation discussion about your business intelligence get in touch via our Contact Us page or visit our Consultancy section for more information.