The Business Benefits of BI Initiatives

March 8, 2018
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Like many companies, Canadian Brewhouse was inundated with data. They needed a more efficient way to manage their financial and social metrics, explore their data, and be quickly notified of issues. 

Wouldn't that be amazing? Of course it would be! That is why they started to work with us to come up with a solution based on Power BI that gave them these capabilities and more. You can read all about their solution in our case study; but what about your business? Have you been delaying the implementation of a business intelligence solution for your organization because you think it is too complicated or too expensive? Consider this:

  • 80% of businesses think they deliver superior customer service, while only 8% of customers agree. How can you respond and address issues quickly to improve customer service if you don't know there is an issue? A BI solution that monitors the social sentiment can help!
  • In 2017, a study by the Business Application Research Center (BARC) revealed that organizations who quantify their gains from big data analytics reported an 8% increase in revenues as well as a 10% reduction in costs. 
  • Across other research, a number of other benefits have been sited: better reporting, deeper understanding of customers, improved personalized service, improved lead management, better strategic decision making, greater control of operational processes, better risk management and more!

So when all of the above is taken into account, the question isn't: can you afford to implement a BI solution? The question is: can you afford not to implement a BI solution?

As always, our data experts are available to answer questions specific to your data and business intelligence needs*, but in the meantime, be sure to check out how we helped Canadian Brewhouse. 

Get the Case Study

 

* Until the end of the month (March 31st, 2018), in partnership with Microsoft we are offering a free workshop on all things data, analytics and IoT! Get all the details and register here:

Workshop Details & Registration

Tags: data power bi data & analytics

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