How can you use BI tool integration to gain a competitive edge in your industry?

BI tool integration can allow for data centralization where information from different parts of your business (eg sales, finances, and customer data) are aggregated. This makes it easier to locate, analyze data and make informed decisions.

Global companies need harmonized cloud data consolidators like Snowflake, Databricks, and the hyperscalers, like AWS, GCP and Azure. Then focus on 'Decision Intelligence' and migrate from static 'Business Intelligence.'

We can automate many things but with AI/ML, LLM and now Chat-GPT we need to move from static automation to dynamic decision enhancements. Static automation amplifies our assumptions on what we might need. 70% of these designs fail. (Gartner) Dynamic Automation leverages AI/ML, LLM and Chat-GPT to provide decision Intelligence. A quantum leap from BI

BI tool integration allows for better data visualization and reporting. You make data look clearer and more appealing with customized visualizations which can be used for data insights. You can also build custom dashboards for your teams. This is especially impactful for personnel in different job roles and departments.

Once gain we need to evolve from Static, pre-planned charts, graphs, maops, tables and dashboards that only provide answers to question asked. TO Getting daily Decision Alerts on the 5 or 8 most critical decisions we must take today. This will be very different from what we need to decide on tomorrow. The Dynamic Component of Decision Intelligence

Current BI reports. I saw a company deliver 600 Finance reports, where less than 8 could be used by business. In addition they were all static reports. We replaced there with role based 'Decision Intelligence' dashboards that were designed by Enterprise, Role and Tasks. Productivity went out of the park. In addition users got answers to questions like "What is the best way to increase Sales targets by 15% in Texas or Germany, for the next quarter? The AI went and reviewed all the historical data not to predict but to provide probabilities.

Think Decision Intelligence, not Business Intelligence. Move from static pre-generated reports to Decision focused dashboards

BI tools integration can facilitate predictive analysis to forecast market trends, customer behavior, and operational needs. Also allows for competitive intelligence by identifying opportunities. These allows the company to gain a competitive edge by making proactive and informed decisions based on predictive and opportunistic insights.

I read this and almost immediately thought it was AI generated - then I confirmed it. This seems like it was written by a high school student. Accurate information but nothing novel about it. That's the danger of AI generating so much content now; sometimes it's just more of the same old stuff.

BI can allow for Data-driven and predictive decision making: BI allows you to collect, analyze, and visualize vast amounts of financial data. By using this data to gain insights (patterns/trends) and inform your current decision-making process, you can make more accurate and informed strategic choices, giving you a competitive edge from analyzing predictive scenarios.

AI can be use to complement BI tools to get ahead of your competitors. Instead of the traditional BI workflow, AI assisted BI workflow may look something like the following: 1. Collect data about your business and industry. 2. Let AI analyze this data to find patterns, trends, and insights. 3. Use these insights to make smarter decisions and improvements in your business. 4. By making better decisions and acting on insights faster, you can outperform your competitors and get an edge in your industry.