How Not Using a Business Intelligence Platform is Hurting Your Business
A high-end menswear company, Edit Suits Co ., thrived in London and Singapore but struggled to make sense of scattered data across continents. This is a common picture of a modern business challenge: the urgent need for a robust Business Intelligence platform . Statistics show that busi nesses leveraging Business Intelligence technologies experience up to a 24% increase in sales margins. Edit Suits Co.’s journey from disarray to data-driven decision-making shows this, stating the importance of BI in the current environment. The Evolution of Business Intelligence Business Intelligence has transformed from simple data collection methods to sophisticated BI software that integrates Artificial Intelligence (AI), Machine Learning (ML), and big data analytics. This evolution marks a shift from mere data storage to insightful analytics and proactive decision-making. Business Intelligence has a big effect on operational success. For example, American Express's use of it in the ba...