The Future of Business Intelligence in the Beef Industry
The Profit Picture
Business intelligence ( BI) refers to the act of gathering, managing, analyzing, and refining business-related data into actionable information. Typically BI incorporates technology infrastructure or easy data collection with statistical methods and graphical representation to condense a mass of data into a readily interpretable form. Most all major companies utilize BI for both tactical and strategic decision-making through either an in-house team or outside consultants. The beef industry’s application of such methodology varies across entities and industry segments with the ability to apply technology often arising as the limiting factor.