Big Data Offers Tremendous Benefits to Business Intelligence Solutions

Business intelligence offers a number of huge benefits for companies that are willing to use sophisticated big data tools.

benefits of data science for business intelligence
Shutterstock Photo License - Mikko Lemola

Business intelligence can help you gain a more accurate perspective on how your business is performing using key performance metrics. By 2023, 33% of companies will practice decision intelligence.

Are you looking to use business intelligence to optimize business and security operations? Read on for an explanation and analysis of how business intelligence can leverage data to guide optimizing business and security operations.

What Is Business Intelligence?

Business intelligence refers to the acquisition, processing, and presentation of actionable data to provide a clearer picture of your company’s performance. Business intelligence requires in-depth data leveraging and analysis using key performance metrics (KPIs). 

There are many benefits of using data in this capacity. This is one of the reasons that the demand for data scientists is exploding and more people are pursuing this career path. Since data is constantly moving during business intelligence operations, additional security measures need to be implemented to ensure no weak spots at different points during data processing.

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Why Should You Use Business Intelligence?

Business intelligence has many advantages and will help provide a fuller perspective on data for the basis of your business intelligence. Some of the main benefits to adopting business intelligence include:

  • Protecting data – cybersecurity breaches can cause significant financial damage, and data needs to be covered in each stage during processing. One of the reasons business intelligence can help is due to better encryption standards.
  • Protecting clients – 2FA and access control can help you protect both the company’s interests and the clients.
  • Lowering risk – to avoid litigation, your company needs to ensure compliance to prevent the risk of causing security breaches.
  • Mitigating concerns – business intelligence can help you mitigate concerns and earn the trust of your clients.

How BI Can Help To Optimize Business And Security Operations By Leveraging Building Data

Here are some business intelligence strategies that can be implemented to leverage data and improve business and security operations.

Using Access Control Technology

You can use access control technology to aggregate and visualize data leveraged for business intelligence. By installing access control technology, you will be able to use building security solutions to enforce internal and external access restrictions in your office buildings. Not only will this protect the physical assets in your business and sensitive client information, but it will also protect any servers within the building, acting as both a physical and digital security measure. 

You can use business intelligence to leverage the data gained from an access control system to provide access intelligence. Access intelligence can provide you with analysis features using access rights and reports activities, such as:

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  • Ready-to-use and preconfigured reports that you can distribute via email notification.
  • Self-serve business intelligence reports that can help to provide individual reports based on specific information needs.

Workspace And Space Management Optimization

you can use data gained from access reports to implement workspace and space management optimization. By installing internal access control that restricts and grants access to individual spaces within buildings, you can view data on space utilization. 

This data will then provide you with the necessary information to determine a need to downsize your office space or expand office space to accommodate business operations.

A Converged Physical And Digital Security Strategy

you can use access intelligence data in a converged physical and digital security strategy to provide a fuller picture of security needs. By combining physical and digital security teams in your business infrastructure, you will increase communication and efficiency in leveraging security data. 

Since the internet of things (IoT) and cloud-based technologies are blurring the lines between physical and digital assets, there is an increased need to use physical and digital security information in conjunction with one another to increase business intelligence and provide a more futureproof security strategy.

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Authenticating Permissions and Access To Restricted Areas

Access intelligence data is a powerful tool in your overall business intelligence. Access to this information should thus be restricted to a limited number of company leaders with the clearance to handle such sensitive information. 

If an unauthorized user accesses this information, it can have severe consequences. It is not necessary to share this information with employees or stakeholders, even if you feel it is safe. Ensure that you only provide this business intelligence module to those who need to access it in supervisory or management contexts.

Ensuring The Best Cloud-Based Options

Since the pandemic, cloud-based technologies have become a staple feature in business operations to allow remote access to essential data. However, safeguarding the data stored on these cloud-based technologies has thus become a significant concern. Internal audits are necessary to determine whether your current security measures are sufficient or whether an additional layer of security is needed.

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Summary

Business intelligence can help you to leverage data from different sources, including physical and digital security information; you can use that to optimize your business operations. You can leverage physical and digital security data to ensure protection for cloud-based options, optimize your workspace, and create a more futureproof security strategy. Business intelligence can help you maximize security and encourage more trust from stakeholders and clients.

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Matt James is a veteran marketer & tech geek that has helped many large brands increase their online footprint. He specializes in influencer outreach and business growth.