in Business Intelligence
With an estimated 1 billion people using Excel, Microsoft has made a pretty powerful piece of software. Whether you love or hate spreadsheets ,they do have a vital role in almost every business, especially when it comes calculating data.
So, why are spreadsheets destroying your business?
The answer is simple…
1. They’re time consuming
2. They ‘re difficult to understand
3. They’re prone to errors1
Sales intelligence software (SI) is designed to make a salesperson’s job easier. It looks at your sales data and does clever things with it. It’s a system that can collect data, integrate it into a system and analyze it.
It searches for trends and issues and allows its users, typically salespeople, to always be up to date with what’s going on with their clients so they can drive their business in the right direction
Our friends over at Boston University’s MSCIS Program have researched how Business Intelligence (BI) is key for gaining a competitive advantage. In the infographic below they highlight the growth of BI to managing data and the effectiveness it has on decision-making.
If you like the infographic, don’t forget to share it!