In an increasingly competitive and challenging business environment, high-tech companies need to find solutions and systems to generate competitive advantages from data collection, analysis, and transformation. These processes facilitate strategic decision-making, which allows organizations to design successful plans and adequately manage the different areas and departments. Added to this is the importance of adequately closing the production cycles in these organizations and shortening the research-production cycle of new products and services with the required quality.
Faced with such needs, the solution has been to use business intelligence (BI). This is nothing more than a technology-driven process that allows you to analyze data, convert it into knowledge, and present detailed information to support decision-making. To do this, BI uses a wide variety of tools, applications, and methods, including data mining, online analytical processing, queries, reports, and risk analysis.
What does business intelligence do to help the technology industry?
Integration with existing data architecture
Many IT organizations, before starting to use business intelligence, already have resources and information stored in databases. However, this is not an obstacle since BI solutions are designed for various technological infrastructures and integrate with the databases with which these organizations currently work.
Security
Data security is vital for all companies in the technology sector. An important aspect of business intelligence is its use in security systems that allows these companies to have strict control over their data, grant access permissions to the indicated people according to the needs and activities they perform, etc. This characteristic of business intelligence tools also allows organizations to protect themselves from cyber-attacks that they may suffer from internal or external sources regardless of the territorial location where they are located.
Data Accessibility
Business intelligence solutions enable access to multiple data sources and the creation of reports quickly and accurately. This is a great advance for IT companies because it makes it easier for them to work with the information contained in the databases of all areas and departments.
Scalability
This is one of the features most in demand by IT organizations and that BI tools cover perfectly. It refers to the property of a system to increase its work capacity (greater # of users, requests, etc.) without compromising its performance. It also refers to the correct functioning of the platform regardless of whether it is used simultaneously by many users. BI platforms enable IT companies to ensure better mobile capabilities and remote and local access.
Business intelligence significantly impacts an organization’s growth in aspects such as efficiency, effectiveness, revenue, productivity, etc. BI has the potential to revolutionize the technology industry by consolidating the security and structure of data while improving the customer experience by focusing on their needs.
