But BI is also an ally for planning and making decisions based on trustworthy data.įinally, if the dealer has already reached a certain size (multiple stores and workshops, many customers, etc.), Business Intelligence is a tool that will help them organize their data and keep total control over each business unit. If the dealership’s aim is to grow or attract a bigger portion of the market, they can use Business Intelligence to get an outlook of the business, improve their processes, and track the evolution of the Key Performance Indicators. However, in most cases dealers have been working for years, gradually adopting new technologies to professionalize their operations, whether due to self-motivation or OEM suggestion.
Ideally, a dealer should implement BI technology from the moment they begin operations, as it will allow them to get a habit of analyzing data right from the start, and also because it will continually serve as a compass to professionally manage the business. The most common questions regarding Business Intelligence are: Nowadays it is essential to have the ability, technology, and know-how to leverage 100% of the huge volume of information generated by the dealership.īusiness Intelligence is the name given to a group of tools that can help you analyze this data in a clear and simple way so as to draw strategic conclusions.ĭealers adopt Business Intelligence mainly for two reasons: they have reached a superior level of professionalization and understand how BI can help monitor and grow the business or they are having difficulty keeping in stride with other market leading dealerships
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