4 Ways to Get Better Business Intelligence

1. Determine your business intelligence (BI) requirements by focusing firstly on the information you will need to eliminate overspending and practice better project management, and secondly, by defining the problems and objectives you will need your BI system to anticipate and manage.

2. Implement an agile BI system that has vast predictive and planning capabilities as well as high-level information management capabilities that can adapt as your requirements change.

3. While pulling information from open sources is important, also look into partnering with a third party that has a proprietary database that has been built up over time and is capable of pulling targeted competitor data and other data specific to your industry.

4. Perform regular queries to determine consumer demands, data elements that should be shared with suppliers, economic trends, and internal strengths and weaknesses.