BI Tools Transform Companies Despite Data Quality Challenges
Business Intelligence (BI) tools are transforming companies, yet many struggle with data quality and availability. Despite this, BI tools are proving effective in identifying trends and enabling targeted interventions.
Modern BI tools collect, structure, and analyze company data, making them invaluable for identifying trends, deviations, and anomalies based on defined Key Performance Indicators (KPIs). They provide real-time visualization of decision-relevant connections, allowing for targeted interventions in operational processes.
However, four out of five companies are dissatisfied with the quality of their data. A reliable data structure is crucial for digital control, process optimization, and growth, yet half of the companies do not have a suitable data basis. This lack of quality and availability of data hinders the effectiveness of BI tools.
Despite these challenges, BI tools have shown success in increasing economic efficiency and stabilizing production processes. They help identify weak points and functioning processes, enabling companies to scale their strengths.
While data quality and availability remain significant challenges, BI tools offer clear benefits. They enable real-time analysis and targeted interventions, leading to improved efficiency and process stability. Companies must prioritize data quality to fully harness the power of BI tools.
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