How Does Business Intelligence Can Help for SME Growth
Small and Medium Enterprises or SMEs have for long contributed to the economic growth of a nation. This is despite a severe lack of infrastructure and necessary funds. According to the World Bank, SMEs account for over 50 % of the total employment all over the world. Most SMEs are now however embracing the latest technology to have a competitive edge over their competitors. The aim is also to witness a hitherto unseen growth. Business Intelligence or BI is one such technology used by many small and medium-sized businesses for analysis of data and several other reasons. However, before digging deep into how business intelligence can help SME growth, let's know what BI is all about. What is business intelligence? Business Intelligence or BI is a set of processes and technologies that can give you meaningful information by converting raw data that you have collected from various sources. Today, this technology has found its application in many sectors including healthcare and informa...
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