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Today every organization use business intelligence solutions to face different challenges. In this era of competition it is not sufficient to take decision alone. Time is very important in making decisions. If on time decision not taken than organization face many difficulties.
For example if super market not implement the data ware house solutions than it may find difficulty in finding that which product sales and in what quantity? What age group interested in buying particular product?
There are some questions that are not needed to run the business but are essential for the survival and the progress of business. Manger has to know the answers of these question to take an advantage on the competitor.
- Which product sell more in the market?
- Which product not doing well in the market?
- What improvement needed in customer services?
- What quality needed in customer service?
- How to increase the market share of the company?
- Which selling policies require?
Importance of Data Warehouse Solutions:
One question manager has to understand. What should be the quality of customer service provided? To understand this question manager break this question into smaller questions. Just like how many customers give feedback – bad, good and excellent? What improvement require in the product or services? All these questions need combined give the customer services picture and business performance.
Important factor of using data ware house solutions is that it provides trends and history of all the data that show the sales of the month and other information. These informations really needed in making accurate decisions. There are other advantages of using data ware house solutions.
- Data is standardize across the enterprise.
- Companies make accurate decisions that support them to move towards success.
- Reduce the cost of the products that are not selling in the market.
- To increase the revenue work on that products that are sell more in the market.