Tag: Business Intelligence (BI)

Most businesses understand the competitive advantages of investing in a comprehensive data analytics solution. Yet not all of them enjoy a full return on their investment. This is because, once a preferred solution has been implemented, extracting the most value from a business intelligence (BI) tool requires comprehensive user adoption and engagement.

Are your data dashboards delivering real value for your business, or are they just smoke and mirrors? You can assess this vital e-commerce supply chain component by following these tips. Almost all studies reveal that 90% of information reaches the brain visually. As a result, data visualisation has become crucial for e-commerce business intelligence.

One significant challenge facing African manufacturers is inadequate reporting and analysis capabilities. This often results in inefficient decision-making processes due to siloed data, limiting the ability to respond to changing conditions quickly.

Emerging technologies must be integrated into learnerships to equip our youth for the 4th Industrial Revolution (4IR). Equipping our youth with tech-based skills is non-negotiable, and educators must integrate the emerging 4IR technologies into their training programmes. This is the only way that we can prepare our future workforce and ensure that businesses can access the skills they require for global relevance.

Moving to the cloud is essential. Businesses that don’t move to the cloud can, to some degree, add complicated layers to their legacy systems in an effort to keep up with the times, but eventually, they will be forced to make the move.

Technological advancement is fundamental for economic development. The more accessible the tech is for citizens, the more rapidly the local economy can progress. In South Africa, a commitment to embrace the '4th Industrial Revolution (4IR)' has been a fixture of national government rhetoric for several years.

The fact that 57% of marketing executives admit they often don’t have the data to understand customers or anticipate their needs is an existential problem. No matter the industry, customer data and insights are vital to helping deliver meaningful experiences, create strong engagement and achieve customer satisfaction.

Decision intelligence is the evolution of data, analytics, and insights that drives smarter business decisions and strategies. Gartner defines decision intelligence as space, wherein a variety of decision-making solutions and approaches come together, to create a framework and discipline that the business can leverage to guide decisions and strategies.

As a major source of global CO2 emissions, the construction industry needs to take heed of digital solutions like 6D BIM to drive sustainability efforts and build a net-zero world for future generations. According to the World Economic Forum, the infrastructure, construction and urban development industries need to embrace the possibilities that come with digitalisation should they want to be sustainable in the future.

Business Intelligence (BI) has undergone significant transformation in recent years and certainly is not being superseded by artificial intelligence. In fact, it has become more efficient and user friendly since moving to the cloud, utilising AI and machine learning, and its embedded implementation.