The Impact of the New Naira Redesign and Cashless Police from the Business Intelligent Prospective

Abstract

In today's rapidly evolving business landscape, the effective use of business intelligence has become crucial for predicting and capitalizing on economic growth opportunities. With the introduction of a new Naira redesign and cashless policy in Nigeria, businesses need to adapt and leverage business intelligence tools and techniques to accurately predict the potential impact on economic growth.The application of business intelligence in predicting economic growth potential involves data collection, data analysis, and data visualization. Data collection involves gathering relevant data from various sources, such as financial statements, market research reports, and government publications. Data analysis entails processing and analyzing the collected data to identify patterns, trends, and correlations. Data visualization techniques, such as charts, graphs, and dashboards, are employed to present the findings in clear and concise manner.The results of applying business intelligence to predict the potential of economic growth with regards to the new Naira redesign and cashless policy can provide businesses with valuable insights. Businesses can use these insights to make informed decisions, develop strategic plans, and allocate resources effectively. For instance, businesses can identify opportunities in the digital payment sector, develop marketing strategies to promote cashless transactions, and invest in technologies that enable seamless online transactions.The effective application of business intelligence can provide businesses with a competitive advantage by accurately predicting the potential of economic growth with regards to the new Naira redesign and cashless policy. By leveraging data-driven insights, businesses can adapt to the changing business environment, capitalize on growth opportunities, and drive economic success.