Business Intelligence
Business Intelligence (BI) helps business people make more informed decisions by providing them timely, data-driven answers to their business questions. BI analyzes data stored in data warehouses, operational databases, and/or ERP systems (i.e. SAP®, Oracle…) and transforms it into attractive and easy to understand dashboards and reports. BI delivers the insight needed to make strategic planning decisions, improve operational efficiencies, and optimize business processes.
Reports are a critical foundation for successful business intelligence (BI) strategy, delivering the most-requested information reliably and securely – via the Web or your management applications. Business Intelligence applications are used to better understand historical, current and future aspects of business operations:
- Provides the information needed to drive faster, better decisions
- Provide critical decision support system to your enterprise
- Increases data consistency, enables streamlines administration
- Minimizes risk and optimizes performance
- Run against all enterprise resource planning data sources and your data warehouse
- Identify and analyze opportunities
- Identify trends that may be benefits or threats
- Set targets, see results and understand what drives the numbers
- Perform data mining, financial analysis, data visualization, and more
- Self service- get data when and how you want it- IT doesn't have to create new reports
- It lets you work with information the way you want—reports, dashboards, scorecards
- Perform data mining, financial analysis, data visualization, and more
- It lets you work with information the way you want—reports, dashboards, scorecards
- Infrastructure fit- grow as you need it, once the tool has proven itself. The software fits into your existing database, security and IT architecture
Key features:
- Regulatory compliance issues
- Managing regulatory change
- Risk management consultants
- Assessing regulatory change
- Develop new workflows
- Redesign business processes
- Enhance customer service
- Develop business strategies
- Adapting to federal regulations
- Working with stakeholders and key staff
- Assessing organizational structure
- Managing organizational culture
- Managing organizational resources
The key general categories of business intelligence tools are:
- Spreadsheets
- Reporting and querying software - are tools that extract, sort, summarize, and present selected data
- OLAP- Online analytical processing is an approach to quickly answer multi-dimensional analytical queries
- Digital Dashboards
- Data mining
- Process mining
- Business performance management
- Local information systems
Business intelligence software can help your industry make better decisions and manage performance better:
Banking, Education, Healthcare, Insurance, Chemicals and Petroleum, Consumer Products, Retail, Defense, Government, Hospitality and entertainment, Manufacturing, Pharmaceuticals and life, Sciences, Supply Chain...
