Starting a business, in addition to initial capital, patience and business insight, will also require access to analytical information. If a decision is made based on incorrect or incomplete information, there will definitely be harmful results for any business.
On the other hand, the volume of raw data for processing is varied in different jobs and in many of them, it must be evaluated by skilled and specialized people.
In such cases, you can benefit from the use of business intelligence services in the development of your business and have access to the final information in the shortest possible time. This process can be done by Lenava Business Intelligence.
Launching Business Intelligence Services
Lenava Engineering Group LTD
Business Intelligence in Plain Language
Business Intelligence, which is also called BI for short, has had a significant impact on the progress of businesses and reduced the decision-making time of managers in the last few decades. The simplest definition of business intelligence is:
“It is a set of processes that analyze the data obtained from internal and external sources and provide the results in the form of specific and clear reports to managers.”
The management department of each organization will decide on the strategy of their company or business based on the statistics.
Learn more about Business intelligence
Lenava Engineering Group LTD
Benefits of Using BI Dashboards in Business
Due to the increase of competitors in online businesses, the importance of speed in decision-making is important, and on the other hand, it is possible to choose the best solution for challenges only by getting the right information.
Relying on different types of reports, information and analysis results received from the business intelligence software, you will witness the elimination of human error.
Many businesses are still operating in the traditional way and will be forgotten if this trend continues. In the following, we will explain the positive features of using BI in business by Lenava Engineering Group.
Increasing Productivity with Business Intelligence (BI) Services
Today, customers are cautious to check the opinions and ratings of other buyers in order to use the products offered by the companies. Experience has proven that considering the right people in the service and support team of each organization will help to increase the points allocated by customers.
For example, the most important part for customers in a company related to accommodation and hoteling is the opinion of previous residents, which is of interest to new customers, and in order to solve the problem of dispersion of opinions, you can use the software as a service (SaaS) solution in order to collect all the required information without spending money.
Improving the Decision-making Process with the help of BI
The main advantage of business intelligence (BI) services is to speed up the decision-making time and choose the best options possible. By using business intelligence analysis, you can access personnel activity information, manage financial resources and, if necessary, make the necessary decisions to not cooperate with some people.
All this information is the result of the process of cooperation and data registration in the software of business intelligence companies, which will be possible to analyze the activities by using the report dashboard.
In recent years, all large companies have benefited from the services of business intelligence companies, and with the help of BI, they reach the best possible decision from raw data.
Unveiling New Business Insights
By recording and analyzing information in a certain period of time and analyzing them through the process of business intelligence, surprising results will be obtained for managers.
For example, online food ordering companies will have the possibility to check the taste of specific customers and even specific geographical areas. By using such important information, marketing and advertising costs will be avoided, and productivity will be increased in the shortest way while saving time.
Also, the management department of these online companies has the possibility to analyze the sales charts and learn about the amount of profit, loss and error in the decisions made.
The Importance of Business Intelligence
Management departments with little experience, level of knowledge and insufficient information will make harmful decisions and will not result in recession and bankruptcy for their business. Viewing the past results and statistics shows the activity status of the collection in the past years, and if you strengthen the valuable parts and solve the problems, you will see a profit.
Economists emphasize the importance of using business intelligence and the resulting reports with the phrase, “If you put garbage (false information) into the system, you will receive garbage (false results).”
The information obtained from the analysis of the past trend will lead to better decisions, and many wrong ways will be removed from the selected options. Some of the most important features of Business Intelligence are listed below:
- Determining key performance indicators based on analyzed data
- Identifying and setting criteria related to different processes of the collection
- Examining the market trend, business problems and solving the challenges
- Access to useful business information to make important decisions by management
- Can be used in all small, medium, large and chain businesses
Increasing Financial Productivity with the Help of Business Intelligence
Undoubtedly, checking the financial situation is the most important part of the business, and all the stagnant capital, flowing money, profit, and loss have an effective role in making decisions. Many companies seek to make changes using spur-of-the-moment decisions regardless of profit and loss. In order to manage the status of your collection, you need to check the financial statements; But due to the dispersion of the amount received, paid, purchase costs and any other amounts, you will be able to control the situation only by using the services of the business intelligence company.
Internal Process Flow
Organizations that use several different parts to advance the main activity should benefit from special and privileged coordination. For example, the separate use of human resources such as sales manager, storekeeper, purchase manager and accountant will cause confusion in the financial management of resources.
In such cases, different types of software should be used to connect the departments and improve the flow of internal processes. If you don’t implement business intelligence processes to analyze data and processes, you will witness the stagnation of the business situation due to weakness in data collection and analysis along with information processing delay.
Customer Retention Policies Using Business Intelligence
All business owners at all levels should first seek to maintain current customers and then increase the amount of income and new buyers. Attracting new customers is up to
6 times the cost of keeping existing customers, and from then on, you have to make smart decisions to keep your regular customers happy. Applying business intelligence will create new arrangements for old customers and will make them satisfied to continue cooperation with the group.
Some of the most important decisions that will lead to customer satisfaction and retention through the use of business intelligence are:
- Information related to the transportation of goods
- Amount of returned goods
- Customers comments
- Service delivery speed
- Price of products
- Maximum interaction in sales
- Providing special offers
Troubleshooting Your BI Platforms
Currently, BI systems are used in simple and complex modes in different businesses. You will be able to upgrade your BI platforms by using Lenava’s Business intelligence consulting services.
Increase Customer Loyalty with Business Intelligence services
As mentioned, on average, the cost of attracting new customers is six times higher than the cost of keeping old customers. Therefore, respect the opinions of customers and provide maximum cooperation to personalize their purchase situation. Increasing respect, cooperation in sales and giving some privileges to regular customers will lead to their loyalty to your business. The implementation of this method or so-called (CRM) by business intelligence is a simple but important matter.
Increasing Financial Productivity with the Help of Business Intelligence
Undoubtedly, checking the financial situation is the most important part of the business, and all the stagnant capital, flowing money, profit, and loss have an effective role in making decisions. Many companies seek to make changes using spur-of-the-moment decisions regardless of profit and loss. In order to manage the status of your collection, you need to check the financial statements; But due to the dispersion of the amount received, paid, purchase costs and any other amounts, you will be able to control the situation only by using the services of the business intelligence company.
Together We Make What You Need
Every business in the world will need knowledge, data and the right tools to reach its goals. BI services mean creating a suitable platform to increase the prediction of profitability and efficiency and not wasting your company’s time. By using Lenava Engineering Group BI services, you will be a few steps ahead of your competitors to take advantage of the leading services in your field of activity. Contact the experts of Lenava Group and find out about the exclusive consulting services about BI in your business.
Internal Process Flow Using BI
Organizations that use several different parts to advance the main activity should benefit from special and privileged coordination. For example, the separate use of human resources such as sales manager, storekeeper, purchase manager and accountant will cause confusion in the financial management of resources.
In such cases, different types of software should be used to connect the departments and improve the flow of internal processes. If you don’t implement business intelligence processes to analyze data and processes, you will witness the stagnation of the business situation due to weakness in data collection and analysis along with information processing delay.
Increasing Sales with the Help of Business Intelligence (BI)
Earning more profit as a result of increased sales has led to business prosperity, and the main goal of all businesses is to increase their total income. If you see any inconsistency and order in sales reports, you can use business intelligence platforms and dashboards related to sales process reports. By analyzing all the statistics, weak points will be found, and it will be possible to make a suitable decision to fix them.
The role of Business Intelligence in E-commerce
With the increase in people’s access to computers and the Internet, a new type of business in the form of e-commerce has become popular. By using accurate data evaluation through various types of business intelligence dashboards, it is possible to obtain detailed information about the audience’s needs.
Also, with specific targeting and application of business intelligence, it will be possible to attract customers in the target area and earn money.
According to the received statistics, decision-making based on business intelligence statistics has increased the profit rate of businesses by 79% compared to intuitive reports.
E-commerce is an inseparable part of all new businesses, and you must have the proper knowledge to enter the electronic world. You can see the results of the following list using the information and graphs obtained from:
- Advanced modeling of top businesses in the field of activity
- Analyzing the market’s digital products and comparing it with the results obtained from the company’s information
- Display financial reports related to sales, marketing, advertising, revenues and expenses
- Analyzing financial profit and loss along with providing effective data for informed decision making
- A View OF the activity statistics of personnel and customers
Human resources are the role of the arms of each group, and managers seek to maximize their performance instead of increasing the number of personnel. Inefficient personnel will reduce productivity and even waste the efforts of other employees in many cases.
Therefore, by using the indicators of business intelligence, it is possible to measure the useful activity of the personnel, and in case of any negligence in the implementation of assigned tasks, it is possible to deal with the responsible person. Among the most important things that can be implemented by various types of business intelligence software are:
- Overall work effectiveness
- Overtime hours
- Absence rate
- Calculating the costs of recruiting and training new personnel
Lenava Engineering Group and AI Services
Every business requires AI services in a special and exclusive way. The successful implementation and provision of special services in AI will require practical experience, modern science, a thorough understanding of the target market, and familiarity with the organization’s structure. For more than 15 years, Lenava Engineering Group has been working on the intelligentization of the executive system in various industrial, medical, laboratory and online businesses. In the following, some of the exclusive services of Lenava company have been described for you.
Benefits of Using BI Dashboards in Business
Due to the increase of competitors in online businesses, the importance of speed in decision-making is important, and on the other hand, it is possible to choose the best solution for challenges only by getting the right information.
Relying on different types of reports, information and analysis results received from the business intelligence software, you will witness the elimination of human error.
Many businesses are still operating in the traditional way and will be forgotten if this trend continues. In the following, we will explain the positive features of using BI in business by Lenava Engineering Group.
Increasing Productivity with Business Intelligence (BI) Services
Today, customers are cautious to check the opinions and ratings of other buyers in order to use the products offered by the companies. Experience has proven that considering the right people in the service and support team of each organization will help to increase the points allocated by customers.
For example, the most important part for customers in a company related to accommodation and hoteling is the opinion of previous residents, which is of interest to new customers, and in order to solve the problem of dispersion of opinions, you can use the software as a service (SaaS) solution in order to collect all the required information without spending money.
Improving the Decision-making Process with the help of BI
The main advantage of business intelligence (BI) services is to speed up the decision-making time and choose the best options possible. By using business intelligence analysis, you can access personnel activity information, manage financial resources and, if necessary, make the necessary decisions to not cooperate with some people.
All this information is the result of the process of cooperation and data registration in the software of business intelligence companies, which will be possible to analyze the activities by using the report dashboard.
In recent years, all large companies have benefited from the services of business intelligence companies, and with the help of BI, they reach the best possible decision from raw data.
Unveiling New Business Insights
By recording and analyzing information in a certain period of time and analyzing them through the process of business intelligence, surprising results will be obtained for managers.
For example, online food ordering companies will have the possibility to check the taste of specific customers and even specific geographical areas. By using such important information, marketing and advertising costs will be avoided, and productivity will be increased in the shortest way while saving time.
Also, the management department of these online companies has the possibility to analyze the sales charts and learn about the amount of profit, loss and error in the decisions made.
Importance of Business Intelligence
Management departments with little experience, level of knowledge and insufficient information will make harmful decisions and will not result in recession and bankruptcy for their business. Viewing the past results and statistics shows the activity status of the collection in the past years, and if you strengthen the valuable parts and solve the problems, you will see a profit.
Economists emphasize the importance of using business intelligence and the resulting reports with the phrase, “If you put garbage (false information) into the system, you will receive garbage (false results).”
The information obtained from the analysis of the past trend will lead to better decisions, and many wrong ways will be removed from the selected options. Some of the most important features of Business Intelligence are listed below:
- Determining key performance indicators based on analyzed data
- Identifying and setting criteria related to different processes of the collection
- Examining the market trend, business problems and solving the challenges
- Access to useful business information to make important decisions by management
- Can be used in all small, medium, large and chain businesses
Increasing Financial Productivity with the Help of Business Intelligence
Undoubtedly, checking the financial situation is the most important part of the business, and all the stagnant capital, flowing money, profit, and loss have an effective role in making decisions. Many companies seek to make changes using spur-of-the-moment decisions regardless of profit and loss. In order to manage the status of your collection, you need to check the financial statements; But due to the dispersion of the amount received, paid, purchase costs and any other amounts, you will be able to control the situation only by using the services of the business intelligence company.
Internal Process Flow Using Business intelligence services
Organizations that use several different parts to advance the main activity should benefit from special and privileged coordination. For example, the separate use of human resources such as sales manager, storekeeper, purchase manager and accountant will cause confusion in the financial management of resources.
In such cases, different types of software should be used to connect the departments and improve the flow of internal processes. If you don’t implement business intelligence processes to analyze data and processes, you will witness the stagnation of the business situation due to weakness in data collection and analysis along with information processing delay.
Customer Retention Policies Using Business Intelligence
All business owners at all levels should first seek to maintain current customers and then increase the amount of income and new buyers. Attracting new customers is up to
6 times the cost of keeping existing customers, and from then on, you have to make smart decisions to keep your regular customers happy. Applying business intelligence will create new arrangements for old customers and will make them satisfied to continue cooperation with the group.
Some of the most important decisions that will lead to customer satisfaction and retention through the use of business intelligence are:
- Information related to the transportation of goods
- Amount of returned goods
- Customers comments
- Service delivery speed
- Price of products
- Maximum interaction in sales
- Providing special offers
Troubleshooting Your BI Platforms
Currently, BI systems are used in simple and complex modes in different businesses. You will be able to upgrade your BI platforms by using Lenava’s Business intelligence consulting services.
Increase Customer Loyalty with Business Intelligence services
As mentioned, on average, the cost of attracting new customers is six times higher than the cost of keeping old customers. Therefore, respect the opinions of customers and provide maximum cooperation to personalize their purchase situation. Increasing respect, cooperation in sales and giving some privileges to regular customers will lead to their loyalty to your business. The implementation of this method or so-called (CRM) by business intelligence is a simple but important matter.
Increasing Financial Productivity with the Help of Business Intelligence
Undoubtedly, checking the financial situation is the most important part of the business, and all the stagnant capital, flowing money, profit, and loss have an effective role in making decisions. Many companies seek to make changes using spur-of-the-moment decisions regardless of profit and loss. In order to manage the status of your collection, you need to check the financial statements; But due to the dispersion of the amount received, paid, purchase costs and any other amounts, you will be able to control the situation only by using the services of the business intelligence company.
Together We Make What You Need
Every business in the world will need knowledge, data and the right tools to reach its goals. BI services mean creating a suitable platform to increase the prediction of profitability and efficiency and not wasting your company’s time. By using Lenava Engineering Group BI services, you will be a few steps ahead of your competitors to take advantage of the leading services in your field of activity. Contact the experts of Lenava Group and find out about the exclusive consulting services about business intelligence in your business.
Internal Process Flow Using BI
Organizations that use several different parts to advance the main activity should benefit from special and privileged coordination. For example, the separate use of human resources such as sales manager, storekeeper, purchase manager and accountant will cause confusion in the financial management of resources.
In such cases, different types of software should be used to connect the departments and improve the flow of internal processes. If you don’t implement business intelligence processes to analyze data and processes, you will witness the stagnation of the business situation due to weakness in data collection and analysis along with information processing delay.
Increasing Sales with the Help of Business Intelligence (BI)
Earning more profit as a result of increased sales has led to business prosperity, and the main goal of all businesses is to increase their total income. If you see any inconsistency and order in sales reports, you can use business intelligence platforms and dashboards related to sales process reports. By analyzing all the statistics, weak points will be found, and it will be possible to make a suitable decision to fix them.
The role of Business Intelligence in E-commerce
With the increase in people’s access to computers and the Internet, a new type of business in the form of e-commerce has become popular. By using accurate data evaluation through various types of business intelligence dashboards, it is possible to obtain detailed information about the audience’s needs.
Also, with specific targeting and application of business intelligence, it will be possible to attract customers in the target area and earn money.
According to the received statistics, decision-making based on business intelligence statistics has increased the profit rate of businesses by 79% compared to intuitive reports.
E-commerce is an inseparable part of all new businesses, and you must have the proper knowledge to enter the electronic world. You can see the results of the following list using the information and graphs obtained from:
- Advanced modeling of top businesses in the field of activity
- Analyzing the market’s digital products and comparing it with the results obtained from the company’s information
- Display financial reports related to sales, marketing, advertising, revenues and expenses
- Analyzing financial profit and loss along with providing effective data for informed decision making
- A View OF the activity statistics of personnel and customers
Human resources are the role of the arms of each group, and managers seek to maximize their performance instead of increasing the number of personnel. Inefficient personnel will reduce productivity and even waste the efforts of other employees in many cases.
Therefore, by using the indicators of business intelligence, it is possible to measure the useful activity of the personnel, and in case of any negligence in the implementation of assigned tasks, it is possible to deal with the responsible person. Among the most important things that can be implemented by various types of business intelligence software are:
- Overall work effectiveness
- Overtime hours
- Absence rate
- Calculating the costs of recruiting and training new personnel