Nowadays we observe the exponential growth of data volumes all around the world as well as in companies. In order to become a leader and maintain this position in any business domain companies need to store, process and analyze efficiently large data volumes. Based on this, the company which has more efficient data processing and data storage allowing to handle more historical data, receives competitive advantage. o gain this competitive advantage, companies implement Business Intelligence(BI) solutions.
Advantages of Business Intelligence:-
- Increased efficiency of management
- Decreased managerial risks
- Decreased spends
- Operational and strategical control
- Data is available when management needs it without delays
- Increased employees performance