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  • Writer's pictureMichael Sena

15 Reasons to Hire Business Intelligence Consulting Services

Business Intelligence (BI) consulting services provide organizations with the expertise and resources needed to make informed, data-driven decisions. With abundant data available, it can be challenging for companies to sift through it all and extract meaningful insights.


That's where BI consultants come in, helping businesses turn data into actionable insights that drive growth and success.


In this blog post, we will explore 15 key reasons companies should consider hiring a BI consulting firm, from gaining a new tactical overview to getting help with weaknesses.


Whether you're a small startup or a large enterprise, these reasons will demonstrate the value of BI consulting services and how they can help your business thrive.


Gain a Tactical Bird's Eye View

A business intelligence consulting company has the unique advantage of gaining a far more comprehensive perspective of an industry than even its pioneering organizations. And when a company hires their services, they can leverage this advantage to gain a bird's-eye view, too.


Now, they can learn more about the workings of the entire industry and market and also request specific insights related to particular challenges. The perspective now changes completely, and in the future, every leadership decision will consider not only internal goals and objectives, but also new knowledge and insights.


Riley Beam, Managing Attorney, Douglas R. Beam, P.A.


See With Greater Visibility

This is the most crucial consideration for me when selecting a business intelligence consulting firm. An organization can gain insight into its operational processes with the help of business intelligence consulting services.


Increased transparency facilitates optimization, the use of appropriate KPI measurement techniques, and the discovery of untapped expansion potential for an organization.


Gerrid Smith, Chief Marketing Officer, Joy Organics


Track Marketing Effectively

Work with a business intelligence consulting company to calculate the effectiveness of your marketing strategy. A single campaign requires a lot of time, a great deal of effort, and a significant investment of money, and you want it to pay off.


Unfortunately, it's not always clear if your marketing meets your expectations. With business intelligence technology at your side, you'll have the tools needed for designing and monitoring success through real-time insight into customer reactions.


With this strategy in place, you can quickly shut down any processes that aren't working and focus on the ones yielding a substantial return on investment.


Marcus Hutsen, Business Development Manager, Patriot Coolers


Reduce Costs

Investing in a cost-effective manner is crucial for businesses to stay competitive and maintain financial stability. Business Intelligence (BI) consulting services can help ‌by providing insights into where to invest and how much to invest.


With the help of BI tools, companies can generate reports that summarize their investments, expenses, and returns, allowing them to identify areas where they can reduce costs.


By utilizing BI to manage inventory and avoid additional expenses, such as late payment fees, businesses can streamline their finances and increase their financial stability. The goal is to have a business system that requires minimal investment while delivering optimal results, ‌increasing efficiency and improving the return on investment in the long term.



Get a Competitive Advantage

A business intelligence consultant can help a company gather, analyze, and interpret data from various sources, including customer behavior, market trends, and internal operations. Having a clear understanding of the data can provide a company with insights into customer preferences and behaviors, market trends, and competitor activities.


It can inform strategic decision-making and drive business growth. A business intelligence consultant can also help a company implement and integrate data-driven tools and technologies, such as dashboards, data warehouses, and predictive analytics. It can also help a company streamline processes, reduce costs, and improve overall performance.


In conclusion, using the services of a business intelligence consulting company can give a company a competitive edge by providing access to valuable insights and expertise to support data-driven decision-making.



Better Estimate Your Value

This is the single most crucial consideration when selecting a business intelligence consulting firm to partner with. A company can better estimate its future value increase after hiring a business intelligence consulting service. Organizations can get a clearer picture of the project's success and ROI through well-planned and executed pilots.


Max Whiteside, SEO and Content Lead, Breaking Muscle


Turn Your Data into Actionable Insights

One primary reason to use the services of a BI consulting company is to gain access to expertise and specialized technology that can help you transform your data into actionable insights. That's why I believe that working with a business intelligence consulting company can be a valuable investment.


For example, we worked with a BI consulting firm to analyze our sales data and discovered a previously unseen opportunity for growth in a new market segment. This insight allowed us to adjust our strategy and capitalize on the opportunity, resulting in a significant increase in revenue.


The point being, a BI consulting firm can help turn data into actionable insights that can inform and improve business decisions. So, don't let the overwhelming amount of data available hold you back from reaching your business goals.



Personalize the Customer Experience

We primarily use business intelligence consulting companies to personalize the customer experience. And since 97% of marketers see increased sales after implementing personalization, we believe it provides a good return.


Business intelligence plays an important role in tracking customer behavior and buying habits. A few examples of this include:


  1. what products consumers like the most

  2. which marketing messages they respond well

  3. where they drop off in the sales funnel


Collecting this data gives you a deeper understanding of customers, allowing you to personalize every interaction with your brand around their needs.



Delegate to Maximize Time Spent

We have recommended the use of a business intelligence consulting company to a selection of our clients to help them gain further access to expert knowledge and skills. They can provide insights and expertise that are beyond in-house resources, and help to identify opportunities, analyze data, and provide strategic direction.


Most of them can also develop and implement systems and processes that enable data-driven decisions. In short, they provide an invaluable service that can help businesses make informed decisions to drive growth.


Businesses of all sizes can benefit from the services of a business intelligence consulting company. Small and medium-sized enterprises (SMEs) may be particularly well-suited, as they often lack the resources to develop and maintain their own data-driven solutions. Companies in industries that rely heavily on data-driven decision-making, such as finance, retail, and health care, could also benefit from their expertise.


Dustin Ray, Co-CEO and Chief Growth Officer, IncFile


Stay on Top of Things

To me, this is the strongest case for engaging the services of a business intelligence consulting organization. If you want to monitor the evolution of all the KPIs that matter for productivity, you need quick and reliable business intelligence advice.


That's because we integrate all sorts of data from many departments to produce useful conclusions. Through BI consultation, businesses may gain quick insights into their revenue generation, employee performance, ROI, and other operational elements.


Kyle Bassett, Chief Operating Officer, Altitude Control


Efficiently Manage Your Data

The ability of businesses to efficiently manage their data to glean valuable insights is a primary focus of business intelligence. However, where does this information come from? The world is permeated by it.


To successfully enhance business processes, businesses must know which data to evaluate and how to process it. All relevant data must be gathered and stored in a Data Warehouse for later analysis, including financials, transactions, stock levels, CRM records, and online/social media activity in real-time.


The more a company's capacity to add data to the warehouse, the greater the likelihood of discovering actionable insights. We can make proper decisions and seize market opportunities before competitors with the help of predictive reports that take into consideration a variety of criteria.



Boost Business Productivity

Data collection operations, such as data selection and analysis, can be accelerated by the use of business intelligence tools compared to manual or unorganized tasks. Corporate intelligence improves processes' agility and effectiveness while dramatically lowering costs, leading to high business efficiency.


Making judgments based on the company's current condition and market trends entails taking less risk and acting with more assurance. You may direct your company's efforts toward boosting sales and streamlining the business by increasing productivity and also the time spent creating truly successful, data-driven initiatives.


Matthew Appleton, E-commerce Manager, Appleton Sweets


Increase Employee and Customer Satisfaction

Real-time analysis of your clients' remarks will be possible. All of this knowledge enables your staff and marketing managers to spot areas where your company can improve, implement the required adjustments, foresee customers' demands, and satisfy them with exceptional service.


Businesses can better understand their staff and their consumers through the use of business intelligence. You can better understand your employees' needs and effectively handle their concerns if you have pertinent information about them in real-time.



View the Essential, Timely and Precisely

Business intelligence has strong data visualization capabilities, which is one of its major advantages. This enables you to design reports and dashboards that can be adjusted to the demands of each of your company's departments and are intuitive, simple to understand, and adaptable.


As a result, personnel in charge of the various areas will have real-time updates on the pertinent data that interests them.


Nick Edwards, Managing Director, Snowfinders


Address Your Weaknesses

A business intelligence consulting company complements your weaknesses. Your strengths may be your creativity and knack for developing intriguing products or the ability to connect with your customers.


Your weaknesses may include some of the daily tasks that keep a business running smoothly, such as operations management, project management, financial management, marketing, or business administration. The right business intelligence consulting company will fill the gaps wherever you may need help.


Nick Allen, Founder and CEO, SportsLingo


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