Business Intelligence (BI) includes a set of software applications that are utilized in the analysis of an enterprises’ raw and unprocessed data. Business Intelligence is a domain that consists of activities such as querying, reporting, online analytical processing and data mining. According to the latest surveys more than 70% of globally renowned organizations will upload business data for analysis using BI software applications.
Qlik Sense is such a BI solution for businesses looking to gather and visualize data rapidly from an intuitive view point from any device round the clock. Qlik Sense is a platform for self-service and advanced business analytics in business areas such as marketing, finance, sales, procurement and logistics. The versatility of Qlik Sense provides users complete control and capability over the creation, modification and extension of visualizations. It enables all organizational employees to create highly useful, precise Key Performance Indicators, measurement reports and performance dashboards and make accurate, strategic decisions.
Qlik Sense helps businesses and enterprises to conquer the market by leveraging various business variables as specified below
1. Competitive Intelligence
Qlik Sense BI software empowers businesses to stay competitive in the market by equipping them with superior tools to explore, analyze and process data into actionable information simultaneously accessing fresh data regarding the competition in the market. BI solutions are built to enable authorized users of an organization access to intelligence regarding their competition in the market through a centralized course which is secure.
The main purpose of such software is to provide businesses with actionable information to make strategic business decisions.
2. Internal Analysis
Qlik Sense boosts businesses to excel against existing competition by facilitating detailed internal analysis of company processes, systems and policies to improve productivity greatly which leads to higher revenue. This allows the organization to consolidate information related to organizational systems such as transactional systems and financial systems to identify strengths and weaknesses to make improvements in the same.
3. Market intelligence
Qlik Sense focuses on identifying bottlenecks with regard to their consumers. It helps in observing buying patterns, and setting up profiling of customer behavior. Qlik enables quick response times with respect to change in the current market. Organizations and businesses such as retailers can detect the need to change production patterns and waste management along with inventory management.
Qlik sense helps businesses of various sizes to streamline their data systems and increases data availability to all project stakeholders. Only a minimal investment in Qlik will pay great dividends in the long run.
On a ground level, employees such as project managers, executives and other staff can more effectively execute their jobs using refined business intelligence. This solution enables the mentioned employees to generate reports with higher accuracy, precise analytic reports and helps project managers manage projects more efficiently. This leads to improvement of operations on every business level.
Qlik Sense is a BI software application that provides rapid consolidation of data from different sources while enabling superior business analytics by the employees themselves without technical assistance from IT professionals. This application allows for businesses to maximize opportunities in self-maintenance and development. The advantage of this application is that it empowers employees at various levels of an organization to make strategic business decisions based on real time data regarding market competition and internal processes. This ultimately boosts productivity and in turn the increases the company revenue.