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What is Business Intelligence and how can it strengthen security for businesses in Mexico?

What is Business Intelligence and how can it strengthen security for businesses in Mexico?

In an increasingly complex and competitive business world, having analytical tools that allow us to make informed and strategic decisions is already, more than an advantage over competitors, an essential aspect for our business survival.

Thus, Business Intelligence (BI) has established itself as one of the main allies to achieve this objective, and in Mexico, its application can make a big difference in business security.

In this post, we will explore what Business Intelligence is and how you can implement it to protect and optimize your company in the Mexican environment.


What is Business Intelligence?

Business Intelligence is a set of technologies, processes, and practices used to collect, analyze, and transform data into valuable information for decision-making. Through BI tools, companies can gain a clear and detailed view of their performance, identify patterns and trends, and anticipate potential problems. In short, BI turns large volumes of data into practical and applicable knowledge.

Now, how do you get that data? You can apply formulas and data analysis and projection yourself if you are, for example, an Excel expert. But even then, you will most likely need at least one of the most popular business intelligence software, such as: 
  • Microsoft Power BI
    A data analysis tool that can be used as an application or cloud platform. It is suitable for beginners and experts alike, and allows you to visualize and merge multiple data sources. 
  • Oracle Business Intelligence Delivers
    A solution that provides business activity monitoring and alerts that can be delivered via email, dashboards and mobile devices. 
  • Zoho Analytics
    Software that allows you to visually analyze data and discover insights in minutes. 
  • Tableau
    A BI platform that allows you to visualize data and create interactive reports. 
    Business Intelligence is essential for the success of any modern business
Other business intelligence tools are:
  • SAP BusinessObjects BI
  • MicroStrategy
  • ClicData
  • QuickPass
  • BIC Platform
  • Next Cloud
  • Looker Studio (formerly Google Data Studio)


The Importance of Security for Businesses in Mexico

It is no news that Mexico faces significant challenges in terms of security. From cyber threats to internal fraud, the risks are varied and can seriously affect a company's operation. In this context, business security becomes a crucial priority. This is where Business Intelligence can play a decisive role.

How Business Intelligence Strengthens Security for Businesses

1. Real-Time Monitoring: BI tools enable real-time monitoring of all business operations. This includes monitoring transactions, employee activities, and behavioral patterns that could signal security risks. By identifying anomalies early, businesses can prevent fraud and cyberattacks before they cause damage. With cuid, you can also monitor your business, factory, and/or office in real-time from a simple and intuitive app.

2. Predictive Analytics : BI not only analyzes past data, but can also predict future risks. Using predictive analytics, companies can anticipate potential threats based on historical patterns and market behavior. Predictive analytics can also be used, as in the case of our App's AI, to detect real threats and distinguish them from false ones. Specifically, this is how we managed to eliminate 90% of false alarms for our users.


3. Resource Optimization : Through BI, companies can optimize resource allocation for security. This includes identifying critical areas that require increased surveillance and improving processes to prevent security breaches. Efficient use of resources also contributes to reducing operating costs. All of these functions for controlling sensitive areas, managing entrances to your business or office, digital registration of visits, and more, are available in our advanced business functions.

4. Regulatory Compliance : In Mexico, companies must comply with various regulations and security standards, such as the Federal Law on the Protection of Personal Data Held by Private Parties. BI facilitates the monitoring and compliance of these regulations by providing detailed reports and regular audits.

5. Data Visualization : One of the greatest advantages of BI is its ability to present data in a clear and understandable way through interactive dashboards and reports. This visualization facilitates the identification of security problems and the making of quick and effective decisions.

In a business environment as dynamic as the Mexican one, integrating BI into your security strategy is not only a competitive advantage, but a necessity to guarantee the success and stability of your business.

Are you ready to take your business security to the next level with Business Intelligence? Feel free to drop us a line or call us to explore the right tools and strategies for your company!

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