Consumer demands can be satisfied efficiently. BI can be used to analyse the consumer behavior pattern and predict future behavior patterns in order to increase operations efficiency by improving flight management and improve sales revenue. Airways: BI will remove hindrances in the ticket management system.BI will provide intelligent reports to optimize the whole operations of the enterprise. Distribution and Logistics: BI will enhance communication with business partners which will lead to efficient and coordinated operations.In short Business Intelligence has enterprise wide applications in all departments. Automobile: BI can help in optimization of production, research, HR, distribution, marketing and finance functions by providing effective decision making tools.Standardization will ease the load of transaction recording and multiple source reports. Optimization of manufacturing processes and procurement functions will lead to better relationship with suppliers. FMCG: BI will provide predictive analysis to forecast demand and understand consumer behavior.It will help in management of large amount of data. It can also help in knowledge management or learning management. It will also help the banks in deducing performance metrics and benchmarks in order to measure the business performance. This will help them in planning their marketing strategies. Banking: BI will help the banks and financial institutions in identifying the customer base.It will also help in enhancing relationship with suppliers. It will also help the companies to better understand the consumer behavior in order to direct their marketing campaigns. This will help in optimizing the size of inventory in order to meet the customer demands. Retailing: Business Intelligence can be used to forecast the demand and analyse its fluctuations over time.
Some of the industries in which BI can be implemented are listed below: It has now become mandatory for organizations to implement BI to sustain and maintain their market share in the competitive market. Its application is not restricted to limited segments. The implementation of business intelligence helps organizations to achieve their goals in an effective way.
It provides organizations with meaningful information regarding employees, customers, suppliers and other business associates, which can be used in effective decision making. BI applications include a wide range of activities for statistical analysis, Data mining, querying and reporting, business performance analysis, benchmarking, Online Analytical Processing (OLAP), Decision Support System (DSS), forecasting and predictive analysis. It consist of huge data warehouse or data marts of business data, from which it performs mining, spotting, digging or analyzing operations to produce appropriate results or reports. Business Intelligence or BI is a computer-based system which is used by organizations for decision making purpose.
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