Streamlining Business Operations: How BI Delivers Efficiency
In today’s climate, procurement also covers services including third-party vendors, freelancers, and agencies. As you read earlier, business intelligence basics essentially upgrade your ability to see useful trends and patterns related to your business and the marketplace. Business Intelligence concepts allow you to make use of the “80-20 principle,” which states that 80% of your results in any field come from 20% of your actions. The legacy approach to a data warehouse was often a mishmash of different Excel sheets, old mainframe-style databases that had to be accessed by technicians, paper-based records, and proprietary program databases.
I found this very…Continue Reading