Competitive Intelligence – strategy, organization, levels, system, examples, advantages, school, company, business

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Intelligence is information that has been analyzed for decision making. It
is important to understand the difference between information and
intelligence. Information is the starting point; it is readily available
numbers, statistics, bits of data about people, companies, products, and
strategies. As a matter of fact, information overload is one of the
leading problems of today’s executive and the top reason for
needing a competitive intelligence expert. Information becomes
intelligence when is it distilled and analyzed. Combining this idea with
those of competition or competitors leads to the concept of gathering and
analyzing information about competitors for use in making management
decisions. Competitive intelligence provides a link between information
and business strategies and decisions. It is the process of turning vast
quantities of information into action.

The field of competitive intelligence, as a profession, is relatively new
in the U.S. An indication of the importance of competitive

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The Importance of Business Intelligence in Your Organization | Todd West Media – Professional Website Design Services Made Affordable

The Importance of Business Intelligence in Your Organization

business intelligence systems The Importance of Business Intelligence in Your OrganizationBusiness Intelligence is a concept that typically involves the delivery and integration of relevant and useful business information in an organization. As such, companies use business intelligence to detect significant events and identify/monitor business trends in order to adapt quickly to their changing environment or scenario. If you use effective business intelligence training in your organization, you can improve the decision making processes at all levels of management and improve your tactical and strategic management processes. Here are some of the top reasons for investing in a proper business intelligence system.

To Get Insights into Consumer Behavior

One of the main advantages of investing in business intelligence software and skilled personnel is the fact that it will boost your ability to analyze the current consumer buying trends. Once you understand what your consumers are buying, you can use

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10 Ways Business Intelligence Can Help Your Organization

business_intellience.jpgWhat is business intelligence, and why is it so important now, given our current market environment? To explore this topic more deeply, we asked thought leaders, executives, and consultants to share their insights. These industry experts touch on a variety of compelling benefits that stretch across different business functions — from marketing to sales to customer service. Here are ten ways business intelligence can enhance your organization and help decision makers make more informed, effective choices.  

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