BUSINESS INTELLIGENCE

Business Intelligence

Business Intelligence

Business Intelligence means leveraging data in an application or system to gain improvements and efficiencies in system as well as in business process. For this project, by starting with the flexible software package, Business Intelligence (BI) was already incorporated in system and was accessible to all users if they wanted to. The article by Smith, "Analysis Everywhere" showed how accessibility of BI should be considered and this was also accomplished in this project since software package chosen had data mining and analysis tools for managers and even low level support persons to view. It allowed managers to check workload and gave them work analysis reports to see not just what tasks are being done but also gave useful statistics on workload either to justify hiring of more staff or need for staff reallocation (Eerens, 2003).

In today's highly competitive and progressively unsure world, quality and timeliness of an organization's “business understanding” (BI) can mean not only distinction between earnings and loss, but also even difference between survival and bankruptcy.

BI is attentive, methodical transformation of facts and figures from any and all facts and figures causes into new forms to provide information that is business-driven and results-oriented. It will often encompass the mixture of devices, databases, and vendors in order to consign an infrastructure that not only will consign primary answer, but also will incorporate ability to change with business and present marketplace.

The purpose of buying into in BI is to change from the natural environment that is reactive to facts and figures to one that is proactive. A major aim of BI is to automate and integrate as numerous steps and functions as possible. Another aim is to supply data for analytics that are as tool-independent as possible.

Centralized centers of competency were created to provide the means for end-users ...