Business Intelligence is known as the set of methods and tools to process information that allows us to make the right decisions, or in the right direction for our business or business project.
Business Intelligence can be translated as Business Intelligence or Business Intelligence, abbreviated in its English acronym BI, and comprises the ability to collect and process external and internal information in order to design successful strategies that help make the right decisions for the expected result. achieve.
Managing information in companies is, today, a key tool to be able to survive in a changing, dynamic and global market.
From Vidrioservice with VS.Vista and VS.Wallet we can help you, through simple tools and applications of technologies accessible to all, to improve customer orientation, processes and financial management, etc.
Easy access to any type of report, list or statistic that you want to know, with a simple programming.
We speak of internal information to refer to all those data of our company that are decisive for its success: performance and skills of employees, capacity and levels of production, operating expenses and sales, etc.
External information ranges from the situation and strategies of our competitors, to national and international policies that may affect the business, the situation of suppliers and markets, innovations and new challenges, etc.
History and evolution of a concept
In its beginnings, Business Intelligence was applied in organizations at a tactical level, that is to say: I analyze, make the decision and establish the policies to apply. The second wave of Business Intelligence rose to the level of strategy, as a tool that helps strategic planning. Today we are talking about operational Business Intelligence, which is linked to day-to-day decision-making, with the aim of being more agile in this process.
It is probable that the conception of Business Intelligence (BI) is related to another class of corporate intelligence with a longer and more attractive history, such as that of the military intelligence and espionage services.
The term Business Intelligence is believed to have been used for the first time, although not in its current sense, in 1865, by the banker Sir Henry Furnese, referring to a report received on his competitors in France, Germany and the Netherlands.
But its current use is attributed to an IBM researcher, Peter Luhn, who in 1958 glimpsed the potentialities of analyzing data produced by newly created computers.
Although currently Business Intelligence is associated with data banks and extensive digital information networks. Gathering and information about markets has been around since the rise of capitalism in the 15th century.
The development of informatics made it possible to create larger and larger databases in the 1960s, 70s and 80s, but in order to be used, executives needed the help of technical personnel from the IT informatics departments.
Already in the 90’s it is when consultancies and agencies whose objective and main product was BI, Business Intelligence , to companies and corporations began to prosper.
A market that reached more than 13.1 billion dollars in revenue in 2012, and has not stopped expanding thanks to phenomena such as Big Data and the incessant digital expansion.
Business Intelligence tools and methods
Business Intelligence is managed through reports and analysis, made from the compilation of data that can be part of a data, statistical records, surveys, government reports, media and network monitoring, etc.
From Vidrioservice we help companies to achieve the deployment of business applications, modernization of the workplace (communications and collaboration), secure infrastructure, and data analysis and artificial intelligence.
Why use Business Intelligence?
Because we live in the information society, and because, thanks to BI, company managers can access much more information, of higher quality and faster. The potential this offers to improve decision-making and to guide companies towards their goals is enormous. However, many managers are faced with the paradox that “each time they have more information and less time to analyze it”, with our VS.Vista application you will have access to any type of report you need.
In addition, I am sure that several of your competitors must already be using BI resources to advance in different markets.
The ability to make decisions quickly, based on an adequate knowledge of the reality of the company as well as the market and its trends, has become a new source of competitive advantage.
From VidrioService we can focus on finding the objective of introducing them to Business Intelligence or Business Intelligence and presenting the processes, tools and technologies that are specific to it, showing them the value creation opportunities that it can provide, and providing guides for their implementation.
It is increasingly important to know what is happening in our market and in our own organizations. The time we have to access that information is less and less; consequently, we need to obtain the information more quickly to analyze it and make decisions from it.
BI analysis can provide diagnoses, evaluations and strategies to face new challenges. It can also give you clues as to where the market is going, or what processes can be improved and made more efficient.
Certainly, the decisions are still made by CEOs, large businessmen and executives, but today having good Business Intelligence can be the difference between success and extinction.