Theoretically Business intelligence (BI) are the strategies and technologies used by large enterprises for the analysis and review. BI technologies are aimed to provide an analysis historical, current, and predictive views of business. There are many methods and technologies that are and can be leverage to achieve focus review of very large amounts of data.
Considering the recent Great Australian Signmakers Survey the preceding paragraph is almost techo-babble when you consider the large segment as shown below, taking the three largest segments it's a total of 76% of the Sign and Graphic employee between one and seven people inclusive!
Now, the same question “what is Business Intelligence when viewed relative to the sign of the business of sign makers?
Well, in reality BI becomes a significantly scaled down version of what an enterprise sized business use. Simply 76% of the surveyed market requires a mini version that is far more affordable, more suitable to your size business and designed as an agile approach. That is in itself - if your business fits the top Three segments in the pie chart shown then a specially designed method of BI is needed.
Here are a quick few samples of BI to suit your business:
Can Innovation be linked to BI?
Yes! Of course they run hand in hand. In some businesses, innovation can be developing a completely new product, research and development, R & D budgets, prototyping, manufacturing process development - stop! Wait a minute that’s the top end of town! NO, think scalable…you are probably already doing it!
So, business innovation in small to medium business can be reviewing and refining a simple process or product! What’s our point? Every small business is different and needs to look at innovation in business from their perspectives.
Innovation can bring success to you and your business and perhaps move you past “the comfort zone” your business has fallen into. Typically if you develop quality management practices you can overcome the limiting factors that hold your business back.
Innovation – systemizing your business: We call it end to end business innovation, considering many in SME it’s about what happens between these 2 phone call
1. They call you needing a price
2. You call them chasing money. Using web sites and email marketing to get the phone to ring we consult with the clients to capture all the vital information, deposit and protocols to make sure the 2nd phone call never happen
How = teaching you! How easy business can be by synchronizing and systemizing, therefore integrating the www using CMS software and simple custom built databases such as FileMaker to leverage knowledge + information into small business wisdom.