Posted on March 10, 2010 - by Jeffrey Posner

The Age of Business Intelligence

Business Intelligence (BI) refers to skills, processes, technologies, applications and practices used to support decision making

Business intelligence is relatively a new term being thrown around in business these days. When I think of what it means, I think of a quarterback and/or coach for a team. It’s a skill that can not be taught fully, it has to be layered with experience to really hold some weight. For a while I was wondering what my true skill was…I have a vast background in technology as well as real estate so I figured those were my strongest points, until recently.

What I realized about myself was no matter what industry I am in, I am able to envision or develop systems that will work and save time. It’s not that I couldn’t do other things, but my real skills involve the practice of business intelligence. The art of seeing where to take a business and how to get it there. I use the word art because business is an art; making the right decisions is like painting the correct brush strokes on a canvas…or calling the right plays in the huddle. Whatever sounds right for you!

These days it’s a lot about making things better and improving upon existing products. This is why business intelligence is so important! Small changes in process and structure can result in big profit differences.

Do you have the right Business Intelligence for your team?