Business Intelligence:Turning Information into a Strategic Asset

Bl is about putting the vast information resources to tiuman intelligence. It is about the way people and organizations think, and the technology solutions they can use to understand their operating environment, processes, products and customers. It enables them with forward-looking insights like how an impact on supply chain can affect financial planning, human resource and other important factors. It presents a comprehensive view of the status of each measurable element of a company including its past and present trends and builds insight into the cause and effect associated with every change and thus develops projection of future trends. Bl is an end-to-end process spanning Data Integration, Data Management, Analytics, and Reporting that collectively makeup a comprehensive Bl environment. Bl Enables businesses with better faster decisions, helps increase profitability and Improves employee reporting and accountability thus facilitating instantaneous analysis with Parametric Graphical Analysis of vast databases and worksheets without any programming.

Some of the challenges of Bl are To integrate and manage activities, improve productivity and forecast profitability. To monitor highly competitive and constantly changing market, To make efficient use of available data to perform In-depth analyses, To standardize criteria for data analysis, To provide advanced functionality to customers in competitive market and To integrate and manage activities, improve productivity and forecast profitability.

Some of the Benefits of Bl are Lower operating and maintenance costs. Improve customer satisfaction through providing additional functions for better efficiency. More efficient use of data. Capacity to quickly, meet new information requirements. User independence without impairing data clarity and precision. Better ability to compete in the market place with pricing based on hard facts and Increase profitability, better customer and employee satisfaction.