28-08-2014, 10:38 AM
Economic and business intelligents
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WHAT IS THE (EBIS) AND WHO IS IT FOR?
The Economic and Business Intelligence Service (EBIS) is a subscription based service that provides regular up-to-date sub-national economic and business intelligence, briefings and insights in order to support the sub regional economic development activity.
REASONS FOR BUSINESS INTELLIGENCE
Business intelligence is to improve the timeliness and quality of information. Timely and good quality information is like having a crystal ball that can give an indication of what's the best course to take.
BUSINESS INTELLIGENCE REVEALS
The position of the firm as in comparison to its competitors
Changes in customer behaviour and spending patterns
The capabilities of the firm
Market conditions, future trends, demographic and economic information
The social, regulatory, and political environment.
CONCLUSION
The company who can exploit its own data and information to gain insight and make smarter decisions will have a clear competitive advantage.