{"id":4953,"date":"2024-07-12T10:00:00","date_gmt":"2024-07-12T10:00:00","guid":{"rendered":"https:\/\/www.balkanservices.com\/blog\/?p=4953"},"modified":"2024-07-13T10:04:32","modified_gmt":"2024-07-13T10:04:32","slug":"5-benefits-for-companies-of-working-with-a-business-intelligence-system","status":"publish","type":"post","link":"https:\/\/www.balkanservices.com\/blog\/en\/5-benefits-for-companies-of-working-with-a-business-intelligence-system\/","title":{"rendered":"5 Benefits for Companies of Working with a Business Intelligence System"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">5 Benefits for Companies of Working with a Business Intelligence System<\/h1>\n\n\n\n<p><strong>Business Intelligence (BI) systems help companies address one of the main challenges nowadays: <\/strong>the huge amount of data, which, in its raw form, is difficult to apply to business development and optimization.<\/p>\n\n\n\n<p>Business intelligence systems are software tools that <strong>aggregate, unify, analyze, and visualize data from various internal and external sources.<\/strong><\/p>\n\n\n\n<p>BI software organizes information according to specific patterns and trends presented as <strong>reports, dashboards, and visualizations.<\/strong><\/p>\n\n\n\n<p>According to a recent BARC survey* on BI solutions, the main benefits of business intelligence software are improved data quality, faster and more accurate planning, data analysis, and reporting.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-273ab9b\" data-block-id=\"273ab9b\"><style>.stk-273ab9b{height:35px !important}<\/style><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.balkanservices.com\/blog\/en\/business-intelligence-software-what-for-whom-and-why\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more: Business Intelligence software- what, for whom and why<\/a><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-c8bf04d\" data-block-id=\"c8bf04d\"><style>.stk-c8bf04d{height:35px !important}<\/style><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Top 5 benefits of <a href=\"https:\/\/www.balkanservices.com\/eng\/business-software\/category\/business-intelligence\" target=\"_blank\" rel=\"noreferrer noopener\">BI systems<\/a><\/h2>\n\n\n\n<p>Five key ways that BI can bring added value to an organization are:\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Making informed decisions<\/h3>\n\n\n\n<p>BI systems provide timely and accurate data access, enabling<strong> informed decision-making based <\/strong>on a thorough understanding of correct business data.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-a62a547\" data-block-id=\"a62a547\"><style>.stk-a62a547{height:35px !important}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">2. Increased operational efficiency<\/h3>\n\n\n\n<p><strong>BI tools help optimize business processes <\/strong>by identifying inefficient ones, improving them, and facilitating data-driven decisions to increase operational efficiency.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-543837a\" data-block-id=\"543837a\"><style>.stk-543837a{height:35px !important}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">3. Improved data visualization<\/h3>\n\n\n\n<p>BI platforms offer advanced data visualization capabilities, helping to make complex information more accessible through <strong>interactive dashboards, charts, and graphs.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-0153aa7\" data-block-id=\"0153aa7\"><style>.stk-0153aa7{height:35px !important}<\/style><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/verni_danni-iavtomatichno-aktualizirane-1024x465-1.png\" alt=\"Qlik Sense Dashboard - Balkan Services\" class=\"wp-image-3702\" srcset=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/verni_danni-iavtomatichno-aktualizirane-1024x465-1.png 1024w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/verni_danni-iavtomatichno-aktualizirane-1024x465-1-300x136.png 300w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/verni_danni-iavtomatichno-aktualizirane-1024x465-1-768x349.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-d0b1d68\" data-block-id=\"d0b1d68\"><style>.stk-d0b1d68{height:35px !important}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">4. Improved strategic planning<\/h3>\n\n\n\n<p>BI supports strategic planning by providing a comprehensive view of key performance indicators (KPIs), market trends, and competitor information, allowing the company to align its strategies with business objectives.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-f7cf289\" data-block-id=\"f7cf289\"><style>.stk-f7cf289{height:35px !important}<\/style><\/div>\n\n\n<div data-block=\"hook:3908\" class=\"alignfull\" data-block-structure=\"custom\"><div class=\"ct-container-full\" data-content=\"normal\"><article id=\"post-3908\" class=\"post-3908\"><div class=\"entry-content is-layout-constrained\">\n<div class=\"wp-block-media-text alignfull has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center is-image-fill is-style-default has-palette-color-8-color has-palette-color-4-background-color has-text-color has-background has-link-color wp-elements-326cc7970ec94e154d90381fd2939023\" style=\"margin-top:var(--wp--preset--spacing--50);margin-bottom:var(--wp--preset--spacing--50);margin-left:0;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0;grid-template-columns:auto 37%\"><div class=\"wp-block-media-text__content\">\n<h2 class=\"wp-block-heading has-white-color has-text-color\" style=\"margin-top:var(--wp--preset--spacing--40);margin-right:0;margin-bottom:0;margin-left:0\">Looking for business software?<\/h2>\n\n\n\n<p class=\"has-palette-color-8-color has-text-color\" style=\"margin-top:var(--wp--preset--spacing--20);margin-bottom:var(--wp--preset--spacing--20);font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.234), 17px);line-height:1.5\">Our team is here to listen carefully and offer the right solution for you.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-088e0d7\" data-block-id=\"088e0d7\"><style>.stk-088e0d7{margin-bottom:30px !important;position:relative !important}@media screen and (max-width:999px){.stk-088e0d7{margin-bottom:36px !important}}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button is-style-ghost stk-block stk-cb9bee0\" data-block-id=\"cb9bee0\"><style>.stk-cb9bee0{top:23px !important}.stk-cb9bee0 .stk-button{padding-right:33px !important;padding-left:33px !important;background:var(--theme-palette-color-1,#F6891F) !important}.stk-cb9bee0 .stk-button:hover:after{background:transparent !important;opacity:1 !important}:where(.stk-hover-parent:hover,.stk-hover-parent.stk--is-hovered) .stk-cb9bee0 .stk-button:after{background:transparent !important;opacity:1 !important}.stk-cb9bee0 .stk-button:before{border-style:solid !important;border-color:var(--theme-palette-color-8,#ffffff) !important;border-top-width:0px !important;border-right-width:0px !important;border-bottom-width:0px !important;border-left-width:0px !important}.stk-cb9bee0 .stk-button__inner-text{color:var(--theme-palette-color-8,#ffffff) !important}<\/style><a class=\"stk-link stk-button stk--hover-effect-lift\" href=\"https:\/\/www.balkanservices.com\/eng\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"has-text-color stk-button__inner-text\">Schedule a free consultation &gt;<\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><figure class=\"wp-block-media-text__media\" style=\"background-image:url(https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg);background-position:50% 50%\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"638\" src=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg\" alt=\"\" class=\"wp-image-3887 size-full\" srcset=\"https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1024x638.jpg 1024w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-300x187.jpg 300w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-768x478.jpg 768w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-1536x957.jpg 1536w, https:\/\/www.balkanservices.com\/blog\/wp-content\/uploads\/2024\/01\/BOO2528-2048x1276.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n<\/div><\/article><\/div><\/div>\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-548e39e\" data-block-id=\"548e39e\"><style>.stk-548e39e{height:35px !important}<\/style><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">5. Gaining a new competitive advantage<\/h3>\n\n\n\n<p>By using a BI solution, organizations <strong>gain a competitive advantage by having faster access to correct information<\/strong>, making timely decisions, and a better understanding of market dynamics, customer behavior, and industry trends.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-5630458\" data-block-id=\"5630458\"><style>.stk-5630458{height:35px !important}<\/style><\/div>\n\n\n\n<p>The benefits of working with business intelligence are many more and are directly tied to the company&#8217;s goal of implementing a BI solution.<\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-eaf22b9\" data-block-id=\"eaf22b9\"><style>.stk-eaf22b9{height:35px !important}<\/style><\/div>\n\n\n\n<div class=\"wp-block-stackable-icon-label stk-block-icon-label stk-block stk-e813079\" data-block-id=\"e813079\"><div class=\"stk-row stk-inner-blocks stk-block-content\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-left stk-block stk-10b0c6c\" data-block-id=\"10b0c6c\"><style>.stk-10b0c6c .stk--svg-wrapper .stk--inner-svg svg:last-child{opacity:0.7 !important}.stk-10b0c6c .stk--svg-wrapper .stk--inner-svg svg:last-child,.stk-10b0c6c .stk--svg-wrapper .stk--inner-svg svg:last-child :is(g,path,rect,polygon,ellipse){fill:var(--theme-palette-color-1,#F6891F) !important}<\/style><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-10b0c6c\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-10-b-0-c-6-c-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-10-b-0-c-6-c-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 384 512\" aria-hidden=\"true\" width=\"32\" height=\"32\"><path d=\"M297.2 248.9C311.6 228.3 320 203.2 320 176c0-70.7-57.3-128-128-128S64 105.3 64 176c0 27.2 8.4 52.3 22.8 72.9c3.7 5.3 8.1 11.3 12.8 17.7l0 0c12.9 17.7 28.3 38.9 39.8 59.8c10.4 19 15.7 38.8 18.3 57.5H109c-2.2-12-5.9-23.7-11.8-34.5c-9.9-18-22.2-34.9-34.5-51.8l0 0 0 0c-5.2-7.1-10.4-14.2-15.4-21.4C27.6 247.9 16 213.3 16 176C16 78.8 94.8 0 192 0s176 78.8 176 176c0 37.3-11.6 71.9-31.4 100.3c-5 7.2-10.2 14.3-15.4 21.4l0 0 0 0c-12.3 16.8-24.6 33.7-34.5 51.8c-5.9 10.8-9.6 22.5-11.8 34.5H226.4c2.6-18.7 7.9-38.6 18.3-57.5c11.5-20.9 26.9-42.1 39.8-59.8l0 0 0 0 0 0c4.7-6.4 9-12.4 12.7-17.7zM192 128c-26.5 0-48 21.5-48 48c0 8.8-7.2 16-16 16s-16-7.2-16-16c0-44.2 35.8-80 80-80c8.8 0 16 7.2 16 16s-7.2 16-16 16zm0 384c-44.2 0-80-35.8-80-80V416H272v16c0 44.2-35.8 80-80 80z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-2438225\" id=\"choosing-the-right-system-is-a-complex-but-critically-important-decision-for-business-development-choosing-an-implementation-partner-is-equally-crucial-and-determines-the-projects-success\" data-block-id=\"2438225\"><p class=\"stk-block-heading__text\">Choosing the right system is a complex but critically important decision for business development. Choosing an implementation partner is equally crucial and determines the project&#8217;s success.<\/p><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-7ee17e9\" data-block-id=\"7ee17e9\"><style>.stk-7ee17e9{height:35px !important}<\/style><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><a href=\"https:\/\/www.balkanservices.com\/blog\/en\/what-is-the-price-of-a-business-intelligence-software-part-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read more: What is the price of a Business intelligence software [Part 1]<\/a><\/p>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-13f1ae4\" data-block-id=\"13f1ae4\"><style>.stk-13f1ae4{height:35px !important}<\/style><\/div>\n\n\n\n<div class=\"wp-block-stackable-divider alignwide stk-block-divider has-text-align-center stk-block stk-a460da1\" data-block-id=\"a460da1\"><hr class=\"stk-block-divider__hr\"\/><\/div>\n\n\n\n<div class=\"wp-block-stackable-spacer stk-block-spacer stk--no-padding stk-block stk-7137c5c\" data-block-id=\"7137c5c\"><style>.stk-7137c5c{height:35px !important}<\/style><\/div>\n\n\n\n<p>Balkan Services is Bulgaria&#8217;s leading BI solutions integrator with a 30%* market share. We have successfully completed over 440 BI projects for over 120 clients in industries such as retail and distribution, manufacturing, finance and insurance, etc.<\/p>\n\n\n\n<p>We implement the leading BI solution, Qlik Sense.<\/p>\n\n\n\n<p>At Balkan Services, we have an expert business, technology, and legislation knowledge and are fluent in all three languages. We will listen carefully and advise you on choosing the right business system for your needs.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.balkanservices.com\/eng\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">Request a free consultation > <\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>5 Benefits for Companies of Working with a Business Intelligence System Business Intelligence (BI) systems help companies address one of the main challenges nowadays: the huge amount of data, which, in its raw form, is difficult to apply to business development and optimization. Business intelligence systems are software tools that aggregate, unify, analyze, and visualize [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215],"tags":[],"class_list":["post-4953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bi-en"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Benefits of Business Intelligence Systems -Balkan Services<\/title>\n<meta name=\"description\" content=\"See what are the TOP 5 benefits for companies of working with a Business Intelligence system on the Balkan Services blog &gt;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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