Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Business Intelligence and other Business Research topics.
This is the information age. If you're in business, you have a huge -- and growing -- amount of data available to help analyze and plan business strategy. You also have a nearly equal amount of data about your competitors on the Internet and publicly accessible databases. But if you want to actually use any of this data for your own business strategy, or to perform serious competitive business research, you need to be able to turn it into usable information. This is done with business intelligence techniques and business intelligence software and other business intelligence tools. Business intelligence software allows you to mine mountains of data for key information when planning your company strategy. Looking for competitive business research? There are business intelligence solution providers all over the web, who will let you use their online business intelligence tools for a fee, or even perform custom business intelligence gathering for competitive business research.