BI Tools Boost Müller GmbH & Schneider AG Revenue, Production
Modern Business Intelligence (BI) tools are transforming companies by harnessing their data to drive informed decisions. Two companies, Müller GmbH and Schneider AG, have already seen significant improvements in their revenues and production processes after implementing BI tools.
BI tools offer a range of benefits, including data integration, transparency, trend detection, risk assessment, process control, and potential recognition. In one medium-sized company, these tools helped reduce waste rates by eight percent through targeted process adjustments. Meanwhile, at another company, margins increased by around €250,000 through strategic pricing adjustments.
However, the effectiveness of BI tools relies heavily on the quality and reliability of the data. Half of all companies lack a suitable data basis, and four out of five are dissatisfied with their data quality. Incomplete or incorrect information can lead to poor decisions, rendering analysis tools ineffective.
A solid data basis is crucial for digital control, process optimization, and growth. When used correctly, BI tools become a precise early warning system and a strategic control instrument for small and medium-sized enterprises (SMEs). Companies like Müller GmbH and Schneider AG have already tapped into their untapped potential, and more are encouraged to follow suit.
