- Industry: Private Equity
Business intelligence (BI) is a concept and system for analyzing collected data, with the purpose of providing a better view of an organization's operations - ultimately, to improve and enhance decision making. Business intelligence solutions can help private equity firms increase agility and performance. Contrary to popular belief, improving BI isn’t necessarily expensive or time-consuming, it isn’t only about tracking financial metrics, and it doesn’t have to involve a wholesale replacement of existing systems and processes.
This article explains how private equity firms, which lag other enterprises in their focus on BI, can improve operations—and, more importantly, take the right steps toward improving their management insight.