{"id":1211,"date":"2020-07-30T14:53:50","date_gmt":"2020-07-30T09:23:50","guid":{"rendered":"https:\/\/www.trendstechblog.com\/?p=1211"},"modified":"2020-07-30T14:54:13","modified_gmt":"2020-07-30T09:24:13","slug":"business-intelligence","status":"publish","type":"post","link":"https:\/\/www.trendstechblog.com\/business-intelligence\/","title":{"rendered":"What Is Business Intelligence And How To Apply It"},"content":{"rendered":"<p>The <a href=\"https:\/\/en.wikipedia.org\/wiki\/Business_intelligence\"><span style=\"color: #0000ff;\"><strong>Business Intelligence<\/strong><\/span><\/a> concept has already helped multiple large companies improve their processes and efficiency. In recent years it has also begun to apply to medium and small-sized companies, with increasingly affordable tools and adapted to businesses of all kinds. Find out what it is and how it can help you improve.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-655df3209b2c9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-655df3209b2c9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/#What_Is_Business_Intelligence\" title=\"What Is Business Intelligence\">What Is Business Intelligence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/#How_To_Do_Business_Intelligence\" title=\"How To Do Business Intelligence\">How To Do Business Intelligence<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/#Have_The_Right_Technology\" title=\"Have The Right Technology\">Have The Right Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/#Generate_A_Business_Structure_That_Supports_It\" title=\"Generate A Business Structure That Supports It\">Generate A Business Structure That Supports It<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/#Business_Intelligence_Tools\" title=\"Business Intelligence Tools\">Business Intelligence Tools<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Business_Intelligence\"><\/span>What Is Business Intelligence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.trendstechblog.com\/category\/business\/\"><span style=\"color: #0000ff;\"><strong>Business<\/strong><\/span><\/a> Intelligence refers to a series of strategies that use the information obtained through various sources to improve decision-making in a company.<\/p>\n<p>In other words, it is equivalent to better understanding the behavior of the various processes in the company (internal and external) to make informed decisions.<\/p>\n<p>This information may refer to both the <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/write-for-us\/\"><strong>business<\/strong><\/a><\/span>&#8216; clients and its workers, its competition, its processes, or its suppliers. Thanks to the analysis of this data, the company can obtain knowledge and apply it to improve its efficiency.<\/p>\n<p><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/key-technology-in-servers-for-the-business-market\/\"><strong>Business<\/strong><\/a><\/span> Intelligence techniques are applied across a broad spectrum of businesses, from manufacturing to logistics, to <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/category\/marketing\/\"><strong>marketing<\/strong><\/a><\/span> and sales.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Do_Business_Intelligence\"><\/span>How To Do Business Intelligence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Carrying out a Business Intelligence strategy requires at least two requirements in a company:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Have_The_Right_Technology\"><\/span>Have The Right Technology<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Business Intelligence relies heavily on automation and acquisition of large volumes of data that provide valuable information to the business.<\/p>\n<p>These technological tools must also allow for predictive analysis. In this way, the business not only looks at data from the past but also tries to project into the future the trends that will shape its decision-making and its results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Generate_A_Business_Structure_That_Supports_It\"><\/span>Generate A Business Structure That Supports It<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Like other <a href=\"https:\/\/www.trendstechblog.com\/digital-transformation\/\"><span style=\"color: #0000ff;\"><strong>digital transformation<\/strong><\/span><\/a> processes, the implementation of a Business Intelligence-based strategy will require the company to modify its business culture, adopting a new way of making decisions.<\/p>\n<p>Thus, some of the changes have to do with adopting an iterative approach to decision-making or generating a flexible organization chart, where the IT department, employees, and management positions collaborate fluidly to respond to new challenges and changes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Intelligence_Tools\"><\/span>Business Intelligence Tools<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are more and more affordable tools for generating Business Intelligence strategies, so that small and medium-sized companies are also having access to these platforms.<\/p>\n<p>This is perhaps the biggest reason for the growth in the industry, which in 2018 was already valued at more than 20,000 million dollars according to Redwood Online figures published by Finances Online.<\/p>\n<p>Some of the main Business Intelligence tools include:<\/p>\n<p><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/category\/technology\/\"><strong>Technology<\/strong><\/a><\/span> to collect data: sensors, Customer Relationship Management (CRM) systems, or web traffic are included here.<\/p>\n<ul>\n<li><strong>Tools to analyze the information:<\/strong> The study of the collected data will find patterns and significant information for the company. Web traffic analytics tools or CRMs capable of analyzing customer interactions or the sales closing process are welcomed here.<\/li>\n<li><strong>Instruments for preparing reports and displaying information:<\/strong> Digital dashboards appear here, a software capable of integrating existing data and displaying relevant reports and graphs.<\/li>\n<\/ul>\n<p>Ideally, any of these tools, in turn, can be used and understood by all the people whose work is implied by the information obtained. Technology, in turn, should promote collaboration between people, so that knowledge can be applied in a transversal way in the company.<\/p>\n<p><span style=\"color: #0000ff;\"><strong>Also Read: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.trendstechblog.com\/five-criteria-for-choosing-a-suitable-cdn-network\/\">Five Criteria For Choosing A Suitable CDN Network<\/a><\/span><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years it has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[103,239],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Business Intelligence And How It Is The Apply<\/title>\n<meta name=\"description\" content=\"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.trendstechblog.com\/business-intelligence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Business Intelligence And How It Is The Apply\" \/>\n<meta property=\"og:description\" content=\"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.trendstechblog.com\/business-intelligence\/\" \/>\n<meta property=\"og:site_name\" content=\"Trends Tech Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-30T09:23:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-30T09:24:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/07\/What-Is-Business-Intelligence-And-How-To-Apply-It-Jpg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TrendsTechBlog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@trendstechblog\" \/>\n<meta name=\"twitter:site\" content=\"@trendstechblog\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TrendsTechBlog\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/\"},\"author\":{\"name\":\"TrendsTechBlog\",\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1\"},\"headline\":\"What Is Business Intelligence And How To Apply It\",\"datePublished\":\"2020-07-30T09:23:50+00:00\",\"dateModified\":\"2020-07-30T09:24:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/\"},\"wordCount\":527,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1\"},\"keywords\":[\"Business\",\"Business Intelligence\"],\"articleSection\":[\"BUSINESS\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.trendstechblog.com\/business-intelligence\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/\",\"url\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/\",\"name\":\"What Is Business Intelligence And How It Is The Apply\",\"isPartOf\":{\"@id\":\"https:\/\/www.trendstechblog.com\/#website\"},\"datePublished\":\"2020-07-30T09:23:50+00:00\",\"dateModified\":\"2020-07-30T09:24:13+00:00\",\"description\":\"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.trendstechblog.com\/business-intelligence\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.trendstechblog.com\/business-intelligence\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.trendstechblog.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BUSINESS\",\"item\":\"https:\/\/www.trendstechblog.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Is Business Intelligence And How To Apply It\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.trendstechblog.com\/#website\",\"url\":\"https:\/\/www.trendstechblog.com\/\",\"name\":\"Trends Tech Blog\",\"description\":\"Daily Tech Updates\",\"publisher\":{\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.trendstechblog.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1\",\"name\":\"TrendsTechBlog\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/06\/Trends-Tech-Blog-Logo.png\",\"contentUrl\":\"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/06\/Trends-Tech-Blog-Logo.png\",\"width\":280,\"height\":70,\"caption\":\"TrendsTechBlog\"},\"logo\":{\"@id\":\"https:\/\/www.trendstechblog.com\/#\/schema\/person\/image\/\"},\"description\":\"TrendsTechBlog it's a Technologies Related that gives the Technology News, Business, Gadgest, Digital, Mobiles, Social Media, AI. Latest Trends and Up coming News.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is Business Intelligence And How It Is The Apply","description":"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.trendstechblog.com\/business-intelligence\/","og_locale":"en_US","og_type":"article","og_title":"What Is Business Intelligence And How It Is The Apply","og_description":"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.","og_url":"https:\/\/www.trendstechblog.com\/business-intelligence\/","og_site_name":"Trends Tech Blog","article_published_time":"2020-07-30T09:23:50+00:00","article_modified_time":"2020-07-30T09:24:13+00:00","og_image":[{"width":1280,"height":675,"url":"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/07\/What-Is-Business-Intelligence-And-How-To-Apply-It-Jpg.jpg","type":"image\/jpeg"}],"author":"TrendsTechBlog","twitter_card":"summary_large_image","twitter_creator":"@trendstechblog","twitter_site":"@trendstechblog","twitter_misc":{"Written by":"TrendsTechBlog","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/#article","isPartOf":{"@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/"},"author":{"name":"TrendsTechBlog","@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1"},"headline":"What Is Business Intelligence And How To Apply It","datePublished":"2020-07-30T09:23:50+00:00","dateModified":"2020-07-30T09:24:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/"},"wordCount":527,"commentCount":0,"publisher":{"@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1"},"keywords":["Business","Business Intelligence"],"articleSection":["BUSINESS"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.trendstechblog.com\/business-intelligence\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/","url":"https:\/\/www.trendstechblog.com\/business-intelligence\/","name":"What Is Business Intelligence And How It Is The Apply","isPartOf":{"@id":"https:\/\/www.trendstechblog.com\/#website"},"datePublished":"2020-07-30T09:23:50+00:00","dateModified":"2020-07-30T09:24:13+00:00","description":"The Business Intelligence concept has already helped multiple large companies improve their processes and efficiency. In recent years.","breadcrumb":{"@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.trendstechblog.com\/business-intelligence\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.trendstechblog.com\/business-intelligence\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.trendstechblog.com\/"},{"@type":"ListItem","position":2,"name":"BUSINESS","item":"https:\/\/www.trendstechblog.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"What Is Business Intelligence And How To Apply It"}]},{"@type":"WebSite","@id":"https:\/\/www.trendstechblog.com\/#website","url":"https:\/\/www.trendstechblog.com\/","name":"Trends Tech Blog","description":"Daily Tech Updates","publisher":{"@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.trendstechblog.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/323aae267386ddba7224403d86f419d1","name":"TrendsTechBlog","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/image\/","url":"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/06\/Trends-Tech-Blog-Logo.png","contentUrl":"https:\/\/www.trendstechblog.com\/wp-content\/uploads\/2020\/06\/Trends-Tech-Blog-Logo.png","width":280,"height":70,"caption":"TrendsTechBlog"},"logo":{"@id":"https:\/\/www.trendstechblog.com\/#\/schema\/person\/image\/"},"description":"TrendsTechBlog it's a Technologies Related that gives the Technology News, Business, Gadgest, Digital, Mobiles, Social Media, AI. Latest Trends and Up coming News."}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/posts\/1211"}],"collection":[{"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":2,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/posts\/1211\/revisions"}],"predecessor-version":[{"id":1214,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/posts\/1211\/revisions\/1214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/media\/1212"}],"wp:attachment":[{"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/media?parent=1211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/categories?post=1211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trendstechblog.com\/wp-json\/wp\/v2\/tags?post=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}