Role of E-Business Intelligence

Updated: May 27, 2010

Above questions could be answered easily by business executives by simply monitoring the sales and revenue of their businesses. But the real question which can be asked today is how do you achieve businessi ntelligence in this Internet ruled economy or simply how do you achieve E-Business Intelligence?

E-Business Intelligence can be described as Internet market feedback which enables an enterprise to measure and manage return on investment (ROI).

Internet has an impact over online and offline aspects of a business. These aspects can be related to legal activities, corporate reputation, infrastructure, strategies and interactive activities of the business. Since, Internet is too large to monitor the violations or immoral activities against the business; E-business intelligence is used to implement a step by step process so as to eradicate those iniquitous activities. The step by step procedure follows as:

Step 1 - Know your exposure on the Internet: The correct knowledge of your scope on Internet would assist in forming a baseline for deciding about the trends that need to be tracked over a period of time.

Step 2 - Developing official policies and procedures: Official corporate policies and procedures justify the application of different consequences and treatment for the websites that violate your business.

Step 3 -Use of practical measures: Practical or proactive measures are repeatable and sustainable. These can help in bringing out actions/behaviors that affect your bottom line business and how they can be cured.

Step 4 - Being decisive: The addition of ‘E' to a business makes it more competitive. Whether your enterprise is big or small, the matter focuses on being attentive and decisive so as to drive more people to your site.

Featured Research
  • Contact Center Software on a Budget

    Although contact center software is necessary for a modern contact center, it can be outrageously expensive. Many companies find that their budget bloats during the implementation process. more

  • How UC Can Help Your Business Survive the Holidays

    The holiday season is filled with frenzy and excitement for businesses and consumers alike. Consumers prepare gift lists, compare brands and prices, and begin shopping with a vigor that is not present most other times of the year. For many businesses, the holiday season accounts for a large profit bump at the end of each year, and companies strive to exceed their goals and keep customers happy during this rush late in the year. more

  • [Infographic] Switching Phone Systems

    There are a lot of possible reasons you might want to switch to a new phone system. The old one might cost too much or be too troublesome to operate and maintain. It might not be flexible enough. It might not be reliable enough. Or it just might not have the kinds of features and capabilities that you need in today’s competitive business climate. more

  • Business Intelligence Software Cost Guide

    Your choice in a BI (Business Intelligence) provider can lead you to make better, data-driven decisions for your business, resulting in significant ROI. Or it can cost hundreds of thousands of dollars with mixed results. more

  • The New 2016 ERP Comparison Guide

    Selecting an ERP solution is no easy undertaking. You have to select and configure a system that fits your exact business needs. The right system can make operations more streamlined, efficient, and agile. But choosing the right vendor can be difficult. more