What is Business Intelligence?
* Business Intelligence is the ongoing process of monitoring the competitive environment in order to identify opportunities to act on or threats to be avoided.
* It is intelligence, not information, that enables an corporation, business or entrepreneur to respond quickly in order to succeed or overcome a market barrier.
Applications of Business Intelligence
[1] Acquisition
[2] Business Plan Development
[3] Contract Bidding
[4] Exporting
[5] Joint Venture
[6] Legislation Monitoring
[7] Product Development
The Business Intelligence Cycle
Stage 1: Identifying Intelligence Need......
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* Business Intelligence is the ongoing process of monitoring the competitive environment in order to identify opportunities to act on or threats to be avoided.
* It is intelligence, not information, that enables an corporation, business or entrepreneur to respond quickly in order to succeed or overcome a market barrier.
Applications of Business Intelligence
[1] Acquisition
[2] Business Plan Development
[3] Contract Bidding
[4] Exporting
[5] Joint Venture
[6] Legislation Monitoring
[7] Product Development
The Business Intelligence Cycle
Stage 1: Identifying Intelligence Need......
