Analysts can also more easily spot market trends to increase sales or revenue. Analysts can leverage BI to provide performance and competitor benchmarks to make the organization run smoother and more efficiently. Great BI helps businesses and organizations ask and answer questions of their data.īusiness intelligence can help companies make better decisions by showing present and historical data within their business context.
![business intelligence applications in finance business intelligence applications in finance](https://www.altexsoft.com/media/2021/01/word-image-22.png)
![business intelligence applications in finance business intelligence applications in finance](https://www.datatobiz.com/wp-content/uploads/2022/01/Business-Intelligence-Uses-in-Finance-8.jpeg)
In practice, you know you’ve got modern business intelligence when you have a comprehensive view of your organization’s data and use that data to drive change, eliminate inefficiencies, and quickly adapt to market or supply changes.
![business intelligence applications in finance business intelligence applications in finance](https://d3i71xaburhd42.cloudfront.net/035262e4aee13648203a8c1954cf4bccebedf543/8-Figure2-1.png)
![business intelligence applications in finance business intelligence applications in finance](https://emerj.com/wp-content/uploads/2018/11/business-intelligence-in-retail-current-applications.png)