Business
Intelligence is the response to the pressures of today’s business
environment in an ever-competitive market to extract actionable
insight from mountains of data. The need for BI arises when select businesses
cease to achieve actionable insight from static and simple
spreadsheet-styled reporting devices.
Designed to optimize an enterprise’s efficiency and enhance its planning
capabilities,
BI is the process of taking the numbers extracted from disparate data sources,
such as human resources, ERP or accounting systems, and transforming that information
into accurate and up-to-date performance indicators at real-time speed.
The hallmarks of Business Intelligence lie in its comparative immediacy
and accessibility. Via flexible reporting, the user accesses
an inventory of material according to specific and ad-hoc criterion in
a matter of seconds rather than waiting what would otherwise take days
to manually reconfigure using traditional reporting methods. This data
can be organized in a variety of ways. For instance, Dashboards, perhaps
one of the more obviously rewarding configurations, can be automated to
bring to your desk a comprehensive set of key performance indicators custom
formatted to deliver a daily, quick-glance overview of your business’ health.
Who can use Business Intelligence? |
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