Wednesday, August 31, 2016

Analyze Data with Fashion Business Intelligence Software

Business Intelligence Software for the Fashion Industry
Your fashion business collects a large amount of data from its operations. Without Business Intelligence (BI) software to keep track of that information, you would need to use a variety of software programs--Excel, Access and some database applications--for various departments in the organization. These multiple software programs make it a challenge to retrieve information quickly and to perform analysis of the data.

BI software for your apparel or footwear enterprise is designed to make effective use of data and information so that your business can make sound decisions. Its primary goal is to extract important data from your fashion organization's raw data to reveal insights that can then help you make faster and more accurate decisions.

BI software integrates data from all areas of your business and provides end-users with reports and analysis. Your apparel or footwear company gets a better understanding of its strengths and weaknesses. It helps your management team to better see the relationship between different data, which allows for better decision-making and optimal deployment of resources. Business Intelligence fashion software plays a key role in the strategic planning process of the company.

Fashion BI encompasses the following elements:
  • Reports: accessing, formatting, and delivering data inside and outside the organization
  • Analysis: identifying patterns and establishing relationships in a group of data
  • Data mining: the extraction of original information from data
  • Data quality and interpretation: the correlation between data and the objects they represent
  • Predictive analysis: the attempt to predict probabilities and trends

Make Better Decisions with BI
BI can give your fashion business the ability to make better decisions by quickly understanding the various sources of information in the company and how these interact with each other. The information can include customer databases, supply chain information, personnel data, manufacturing, product data, sales and marketing activity, as well as any other source of information critical to your operation.

BI applications for your footwear or apparel company include integration and data cleansing functions. These allow disparate data sources to be integrated into a single coherent framework for reporting and detailed analysis by employees, managers, and executives.

Are You Ready to Move Up to Fashion BI Software?
If you're considering BI software for your fashion business, please contact Xperia Solutions today!