Enterprise Performance Management / Business Intelligence
Business Intelligence is Transforming Data into Effective and Timely Decisions
In today’s business climate, the marketplace changes quickly. Businesses must have the tools, technology, and information to enable quick and efficient adaptation to these changes. Executives must be able to:
* Provide the right people with the right information at the right time
* Monitor market conditions, customer preferences, future trends, and demographic shifts
* Make sound business decisions based on accurate, current, and comprehensive information
Many organizations already have much of the data they need to achieve these goals. Unfortunately this data is often locked up in multiple, disparate systems. These systems do not easily share data, or the data is inconsistent, inaccurate, or out-of-date.
If getting the answer to an important business question at your organization involves dispatching a team of analysts to scour multiple IT systems, databases, and spreadsheets, then an enterprise information management solution
Business intelligence is not a product that can be installed. Instead, it’s a way of gathering, using, and storing data to promote a smarter way of doing business.
including a business intelligence solution—may be for you.
“Business intelligence” refers to a broad category of applications and technologies for gathering, accessing, and analyzing data to help enterprise users make better business decisions.
A business intelligence initiative can help your organization create infrastructure to transform raw data into information you can use to monitor the marketplace and measure company performance.
A BI initiative often takes the shape of just-in-time reporting, web-based portals, or executive dashboards, which provide secure access for authorized individuals to view a wealth of information both visually and according to function.
Business intelligence systems combined with enterprise information management initiatives can help transform your operational system data into an analytical system data structure that supports your business needs.
