All Topics > Business Services > Business Intelligence >

Business Intelligence Michigan

In the modern business world, and more every day, knowledge is the single factor that can make or break a company. Information technology like the Internet has revolutionized the way economics, advertising, sales work, and information itself can often be worth a fortune. Make sure you're on top of information needs with your business activity monitoring and business intelligence programs.

1. Local Companies

2. What is Business Intelligence?

3. Why is Business Intelligence Important?

4. How a Business Intelligence System Works

5. Featured Local Company

1. Local Companies

Mid-Michigan CEO Space
517-974-9943
465 N. Dietz Road
Webberville, MI

Moneybulls Consultancy Solutions
(931) 266-8948
MI

Second To None, Inc.
734-302-8400
3045 Miller Road
Ann Arbor, MI

Allegan Business Development
(269) 686-8824
221 Trowbridge St
Allegan, MI

Edward Lowe Business Development Center
(269) 445-2520
708 Sherman Ln
Cassopolis, MI

Small Business Development Center of St Clair County
(810) 989-0265
323 Erie St
Port Huron, MI

St. Joseph County-Constantine Business Incubator
(269) 435-2024
186 S Washington St
Constantine, MI

Small Business Development Center
(989) 791-7748
7400 Bay Rd
Saginaw, MI

Pontiac Business Development Center
(248) 758-1840
196 Orchard Lake Rd
Pontiac, MI

Detroit Minority Business Development Center
(248) 262-1967
Southfield, MI

2. What is Business Intelligence?

Business Intelligence, or BI, refers to the process by which business and companies in Michigan gather data, analyze it, and re-apply it in order to make the best possible business and financial model possible for their particular instance. Many businesses devote entire divisions just to this process, in order to try to streamline their workflow and make more money for less effort. Those that succeed, succeed financially also. Those that fail don’t usually last long.

Business performance management solutions like business intelligence might, for example, set up a monitoring system on sales – profits, amounts lost in small transaction fees, amounts paid originally – with enough data, it is possible for a good business intelligence system to pinpoint exactly where costs need to be cut or new systems put in place. A good business intelligence system essentially manages the “value flow “ of a business in an effort to find out where that flow hits its rapids or its deep, fast flowing strong points. Ideally, that data flow will be evened out into a single organic, powerful system capable of producing great results with a minimum of effort. This might include anything from adding jobs in an area, converting a process to automation, or even just changing an advertising strategy; regardless, these processes come about because of the results determined by business activity monitoring processes like business intelligence and related fields.

3. Why is Business Intelligence Important?

The key reason for utilizing processes like those employed in business activity monitoring and business intelligence is to be able to make, as the head of your company or even in a high management position, informed and intelligent decisions regarding the way your company or business is run; informed decisions like these lead to better, more efficient processes in the actual work environment, and will certainly lend your corporation that competitive edge it needs to succeed in today’s dog eat dog work environment.

Simply put, managers need information in order to run an effective and profitable company, and information can only come through one way – business activity monitoring. Business performance management, when it is successful, may be exactly the trimming and streamlining touch you need to make your corporation or small business a driving force in today’s information driven economy. Good information lets managers know what types of changes will shift things in your company toward a more profitable end product, and helps them better know how their competition compares – and, through that information, how to make sure their companies are better than the competition. If you have good business performance management, you can get a leg up on the competition and deal out the best product for the lowest price – and still get more actual profit than your opponent across the street.

4. How a Business Intelligence System Works

Business intelligence is essentially a science of economics, and works according to the scientific method. This means it is founded on data rather than simple guesswork. These data are gathered using fair, accurate, unbiased means, and organized in a logical manner in order to produce the best results. It’s not simply some employee walking around and saying what he thinks – it’s careful observation and data collection, which is in turn placed into a large, organized database for careful and considerate review by experts in business management.

A well-designed business intelligence system should be able to pull in data with a minimum of effort and cost – remember, the whole point is to make the company more efficient and profitable – and convert that data into a useable form for the company’s managers and employees. Business intelligence and business activity monitoring may focus on more than just your company, too. You can use business activity monitoring to track, for instance, other competing companies and see how they’re doing in comparison with you.

You might also want to use business intelligence for companies you depend on or work with, even if they don’t directly compete with you. For instance, if you run a landscaping company, you would want to monitor stonemasonry services, quarries, sod companies, and all the various services and companies you would depend upon to make sure your company ran smoothly.

5. Featured Local Company

Mid-Michigan CEO Space

517-974-9943
465 N. Dietz Road
Webberville, MI
www.greatlakesceo.com

Read more about Business Intelligence

- How to Select a Business Travel Agent Michigan
- Business Coach Michigan
- Business Insurance - Top 5 Firms Michigan
- How To Select A Business Insurance Broker Michigan
- Beyond the Limits of Leadership Michigan
- General Liability Michigan
- How to Select a Corporate Gift Michigan
- Business Card Michigan
- Custom Software Development Michigan

Regional Articles

Rate Article

Save to My Articles

Articles Insider

Advertising	Fashion	Nightlife
Business Services	Financial Services	Online Database
Career	Franchise	Real Estate Resources
Cars	Health	Software
Chamber of Commerce	Holidays	Technology
Computer Hardware	Home Appliances	Telecommunications
Construction	Home Electronics	Trade Shows
Education	Home Services	Travel
Educational Content	Internet	Weddings
Entertainment	Legal	World History
Family	Miscellaneous

Advertising	Educational Content	Home Appliances	Real Estate Resources
Business Services	Entertainment	Home Electronics	Software
Career	Family	Home Services	Technology
Cars	Fashion	Internet	Telecommunications
Chamber of Commerce	Financial Services	Legal	Trade Shows
Computer Hardware	Franchise	Miscellaneous	Travel
Construction	Health	Nightlife	Weddings
Education	Holidays	Online Database	World History

Searching...

Business Intelligence Michigan

1. Local Companies

2. What is Business Intelligence?

3. Why is Business Intelligence Important?

4. How a Business Intelligence System Works

5. Featured Local Company