If you’re like most businesses, you have more data than you know what to do with.
Big data is both a blessing and a curse.
On one hand, you have countless possibilities for understanding how your business operates and what choices to make. On the other, you struggle to create effective systems for managing data and drawing useful insights—not to mention keeping your data compliant.
Unsurprisingly, 41% of tech companies say they’re receiving more customer requests for data, analytics, and business intelligence tools than ever.
Enterprise companies especially can’t go without modern solutions for understanding how their business operates.
What is Business Intelligence?
Business intelligence (BI) is a field of data analysis that covers information on a business’s operations. BI can include historic, current, and predictive insights.
Most data isn’t easy to read or interpret unless you’re an expert in the field. Plus, data is often siloed between departments, making organization-wide insights impossible.
A dedicated BI strategy first designs the data infrastructure for collecting, managing, and sorting business-wide data. Next, it puts the organization’s data into digestible visualizations for C-level employees to understand operations and make smart choices.
Why is Business Intelligence Vital for Modern Enterprises?
Enterprise companies can’t neglect business intelligence. Operating on such a massive scale requires clean data management practices and effective insights.
One blip in an enterprise’s operational data can trigger a poor production, marketing, sales, or logistics decision leading to huge costs down the road. Effective BI prevents high-level business mistakes that you can easily avoid with proper insights.
It Makes Complex Numbers Easy to Understand for Data-Driven Decisions
Management and C-level employees don’t have the time or energy to sit through detailed presentations or piles of granular data. They need to know exactly which stats apply directly to business operations and how so they can make smart choices.
BI puts the important data into easy-to-understand visualisations with predictions, historical trends, and current trajectories. Decisionmakers always have the most important information in digestible charts and graphs for budget planning, product research, trends, and more.
Business Intelligence Helps Set Benchmarks
Thanks to its high-level nature, BI insights can map historical, current, and predictive data—perfect for setting goals and benchmarks.
BI like this can help C-level employees build a better understanding of their organization’s actual capabilities based on past numbers and predicted future trends.
Business Intelligence Encourages Communication and Collaboration
C-level management and decision-makers can feel more connected to the team thanks to BI. Business intelligence can also focus on specific departments, highlighting key employees or leaders for recognition.
Management can quickly look at the results from BI and provide instant feedback, positive encouragement, celebration, recognition, and advice via digital signage tools around the workplace.
Leverage Business Intelligence with Digital Signage
Why More Companies are Using Digital Signage for sharing BI Insights
What good are BI data visualisations and accurate analytics if they’re forgotten after a meeting? Data visualization alone helps you display metrics in a way that’s easy for everyone to understand and use right away.
Digital Signage & Business Intelligence go hand in hand
Digital signage integrated with key Business Intelligence applications can get the needed information exactly where it needs to be instantly. Workplace digital signage, a dynamic visual tool in itself, makes the sharing of data visualizations both logistically easier as well as strategically smarter, particularly because of automation, integration, and accessibility.
Engage your team with BI & Digital Signage
Data visualizations bring clarity and action to people who don’t crunch numbers every day but need to understand the metrics – and comprehensive digital signage is the perfect way to get it where it needs to be.
Well-placed digital signage around your factory floor, boardrooms, meeting rooms, offices, and breakrooms keeps the most important stats at the top of every decision-maker’s mind.
Valotalive Offers Simple Digital Signage for Internal Communications
Valotalive corporate digital signage offers a “zero touch” solution for enterprises. Deploy your custom digital signage platform from the cloud service seamlessly.
In moments, you can:
- Share the latest KPIs and reports to boardrooms.
- Transmit data on changing safety conditions to factory floors.
- Inform sales staff of current goals and trends.
- Brief IT departments on the morning’s latest changes.
- Keep research and development focused and on-time.
Automation and content delivery blend effortlessly to help you save both time and money while enjoying higher productivity across the workplace.
See how enterprise companies around the globe use Valotalive’s digital signage BI integrations to make growth-focused choices.