Business intelligence in companies: what it is and why to adopt BI

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Business intelligence in companies: what it is and why to adopt BI

Table of Contents

For those who still don't know, when adopting Business Intelligence in companies, there is a greater chance that you will convert digital data into insights, valuable opportunities and diagnostics to continuously and sustainably develop your organization. And to implement it, it is important to follow the following steps:

  1. Choose the best tool for your needs and goals;
  2. Focus on KPIs that are more aligned with your goals;
  3. Organize your data;
  4. Involve the entire team to move in the same direction;
  5. Set clear goals and monitor the performance of your actions.

With an eye on the changes arising from the digital transformation, many HR specialists seek to anticipate new trends. And, of course, this is your case if you have already asked yourself if it is worth adopting the business intelligence in companies style=”font-weight: 400;”>?

After all, the concept and technology applied in the corporate routine has stood out for offering more assertiveness and agility in decision making, as well as the long-awaited balanced productivity in reducing costs.

So, explained in such an abbreviated way, it seems like a big illusion, right? So, we invite you to dedicate a few minutes to continue with this reading and understand, definitely, why invest in business intelligence in companies!

What is BI?

Assuming, Business Intelligence (or BI) is a set of measures that depends on technological solutions to strategically compile, organize and facilitate data analysis.

An example: with management software, CRM or ERPs, among other types of digital solutions, your company can absorb, compile and analyze performance indicators style=”font-weight: 400;”>, metrics or even the habits and behaviors of your customers and, also, employees.

Importance of business intelligence

Let's say that employees experience a dramatic drop in productivity and that through Business Intelligence, HR finds out that this occurs at a specific time every day.

Based on the monitoring of this particular metric, a factor in common was diagnosed with the sudden drop in the productivity of professionals. With that, the problem is solved quickly.

However, the context also applies to several other situations that can contribute to productivity, economy, profitability, talent retention and even to improve the organizational climate, among other issues related to people management.

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Advantages of investing in Business Intelligence in companies

Organizations increasingly concerned with monitoring the metrics associated (directly or indirectly) with their objectives have accumulated advantages in their workflows.

Next, we will highlight the main ones, when the Business Intelligence is inserted in the companies:

  • process optimization, since the data collected will funnel assertiveness in your decision making;
  • improvements in strategy planning, as the data can point out the most efficient paths for the development of the company;
  • the data become records, helping with projections and adjustments in actions that did not yield what was expected;
  • risk reduction in future investments;
  • trend forecasting.

Internally or externally, Business Intelligence in companies can be quite an ally. It is important, however, to know where to use it, how to apply it and what to consider before implementing it – don't worry, we'll see that in the next topic.

How to implement BI in companies

Entering everything in the digital transformation and, thus, completely modifying the processes of a company, requires planning and total knowledge of what you seek for the organization.

And below, we will give you some elementary tips on how to implement business intelligence in companies with the least possible occurrence of unforeseen events!

1. Choose a good tool

There is no point in choosing the cheapest solution or one that is so generic that it does not promote benefits in any area. When working with Business Intelligence in companies, start by understanding what you are looking for, for the development of the organization and do a broad market research.

Thus, you will know which products are able to translate your objectives into data and, consequently, into results applicable in the routine.

2. Understand about KPIs

KPI is the acronym for Key Performance Indicator or performance indicators. Basically, what we talked about above the most important numbers for the achievement of your goals.

These are the indicators that will point to you, initially, which business intelligence solutions in companies should be considered so that the technology is implemented assertively.

In the HR sector, management software is usually a complete solution, as it concentrates in its resources everything you need to qualify – and train – your team.

3. Organize the data

Data management consists of having a place to concentrate it and, thus, view metrics and indicators as planned.

Even so, make sure that the management software you are looking for for your company's HR can be integrated with other platforms.

Thus, Business Intelligence in companies works more comprehensively by gathering data related to point control in one place, payroll and other areas related to the Human Resources sector.

4. Involve the team in this new culture

Make everyone involved aware of this change. Business Intelligence in companies does not only mean investing in new technologies, but also in changing the team's attitudes and behaviors.

After all, the science that data will be used strategically means that employees learn more about the workflow itself and begin to see their activities in a completely new way.

Do not measure efforts, therefore, in putting everyone “on the same page”, exposing the challenges, advantages and changes in the work model. The faster everyone absorbs the transformations, the more agile the results will be.

Technological solutions for HR management

Did you see how Business Intelligence in companies is an advent that is here to stay and that should not be feared, but encouraged to enter the daily life of your company?

Meet the Human Resources platform and how it can help your company optimize the functions of the HR department. With the HR Consultant UK your company will have access to benefits such as:

  • reduce the time in your employee dismissal admission processes;
  • have a clearer and safer process;
  • avoid penalties, fines or any risk related to legal issues and information management of the company.

THE HR Consultant UK it is the only one that delivers an incredible experience and still solves the real problem that the customer has. Talk to an expert and find out how to reduce your HR costs by 30%.

Now, to take a definitive step in its implementation, share this post on your social networks, and mark the collaborators who will reinforce this speech with you at the next team meeting!

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