As a start-up business, the first thing you need to do is to come up with a strong strategy that will fire up the engine of your business. A car with zero fuel will get you nowhere and will remain stagnant.
Cars also run on specific fuels assigned to them. The same goes for your business; it would need the right fuel to get it running, and the fuel of every business strategy is the right data to back it up.
A data-driven strategy can be obtained using the right business intelligence analytics tool.
What is business intelligence?
According to an article, business intelligence (BI) is a “comprehensive analytics solution that can be used to better understand the company you’re creating and the environment where it’s growing into.”
Business intelligence and business analytics go hand-in-hand in stabilizing your start-up company. Besides knowing the “what” of the data, you’ll also be able to understand the “why” and help you get to the next step.
What is business analytics?
Business analytics is the method of exploring the internal and external data of a certain business, to make data-driven decisions.
Of course, the root of BI is data and analytics collected for your business. But for data to be ...
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