Five advantages and disadvantages of Bi

Every industry knows very well Digital transformation One of the hottest terms of the times , Business intelligence . Due to the improvement of efficiency and productivity , Have BI Our businesses are increasing their revenues . It's all because BI Value to automation .

The five benefits of business intelligence ：

• Provide information faster ： Integrate BI Automation provides one of the greatest advantages of business intelligence —— Provide information faster . Business leaders need faster access to information , Increase revenue by making smarter decisions . therefore , Multiple BI Software can provide enough information to drive business decisions in just a few seconds .
• Evaluate key performance indicators ： Have BI Of enterprises have the opportunity to evaluate key performance indicators based on business needs , To gain a competitive advantage . Alignment of strategy with objectives and performance is critical to driving revenue effectively . This is enterprise utilization BI Reasons to automate to save time .
• Adequate data access ： One of the biggest benefits of business intelligence is getting enough data access . This helps to make intelligent data-driven decisions through the integration of real-time data . This drives the BI Of enterprises use the most relevant information to improve professional development .
• Deploy budget friendly costs ： Budget friendly costs are critical to increasing revenue in a competitive market . therefore , One of the biggest benefits of business intelligence is to save money effectively , Without fear of loss . Yes BI Software can suggest areas where necessary actions can be taken to reduce necessary costs .
• Identify current market trends ： One of the biggest benefits of business intelligence is identifying current market trends , To gain insight into customer behavior 、 Preference 、 Needs and desires . Company utilization BI Automation , Gain insight by connecting to social media channels , To keep current and potential target audiences up to date . It helps to effectively expand the global customer base .

 

BI Five disadvantages of

• Data inconsistency ： Real time data is important for organizations to utilize BI Automation is very important . If there are data inconsistencies or differences , All data-driven insights will have a huge impact on the future decision-making process . There may be two different results , This will bring great problems to the company . therefore ,BI One of the biggest drawbacks of is data inconsistency .
• Cyber hacker attacks from cyber criminals ： Too much business and BI Integration may lead to potential changes in cyber criminals' attacks against cyber hackers . It can greatly put all confidential data of an organization at high risk . In implementation BI To automate the process , Attention should be paid to security vulnerabilities and data leaks .
• May become expensive ： Yes , One of the benefits of business intelligence is to reduce costs . however , Becoming expensive is one of the disadvantages of business intelligence . Data management requires some cost , and BI Software vendors are sometimes unreliable , And the pricing is transparent in the case of excessive data and high-quality services .
• Not suitable for many companies ： Yes , All companies need to integrate BI To automate . however , It may not be suitable for many companies —— It depends on the development of an industry . According to business needs and objectives , Availability in the market may be limited .
• Poor data quality ： Despite poor data quality , But sometimes using too much real-time data is BI The disadvantages of .Bi Software cannot effectively predict poor data quality . therefore , these BI Tools may not help , And may cause the business operation to slow down for a period of time .