Logo

Navigation
  • Home
  • Services
    • ERP Solutions
    • Implementation Solutions
    • Support and Maintenance Solutions
    • Custom Solutions
    • Upgrade Solutions
    • Training and Mentoring
    • Web Solutions
    • Production Support
    • Architecture Designing
    • Independent Validation and Testing Services
    • Infrastructure Management
  • Expertise
    • Microsoft Development Expertise
    • Mobile Development
    • SQL Server Database and BI
    • SAP BI, SAP Hana, SAP BO
    • Oracle and BI
    • Oracle RAC
  • Technical Training
    • Learn Data Management
      • Business Intelligence
      • Data Mining
      • Data Modeling
      • Data Warehousing
      • Disaster Recovery
    • Learn Concepts
      • Application Development
      • Client Server
      • Cloud Computing Tutorials
      • Cluster Computing
      • CRM Tutorial
      • EDI Tutorials
      • ERP Tutorials
      • NLP
      • OOPS
      • Concepts
      • SOA Tutorial
      • Supply Chain
      • Technology Trends
      • UML
      • Virtualization
      • Web 2.0
    • Learn Java
      • JavaScript Tutorial
      • JSP Tutorials
      • J2EE
    • Learn Microsoft
      • MSAS
      • ASP.NET
      • ASP.NET 2.0
      • C Sharp
      • MS Project Training
      • Silverlight
      • SQL Server 2005
      • VB.NET 2005
    • Learn Networking
      • Networking
      • Wireless
    • Learn Oracle
      • Oracle 10g
      • PL/SQL
      • Oracle 11g Tutorials
      • Oracle 9i
      • Oracle Apps
    • Learn Programming
      • Ajax Tutorial
      • C Language
      • C++ Tutorials
      • CSS Tutorial
      • CSS3 Tutorial
      • JavaScript Tutorial
      • jQuery Tutorial
      • MainFrame
      • PHP Tutorial
      • VBScript Tutorial
      • XML Tutorial
    • Learn Software Testing
      • Software Testing Types
      • SQA
      • Testing
  • Career Training
    • Career Improvement
      • Career Articles
      • Certification Articles
      • Conflict Management
      • Core Skills
      • Decision Making
      • Entrepreneurship
      • Goal Setting
      • Life Skills
      • Performance Development
      • Personal Excellence
      • Personality Development
      • Problem Solving
      • Relationship Management
      • Self Confidence
      • Self Supervision
      • Social Networking
      • Strategic Planning
      • Time Management
    • Education Help
      • Career Tracks
      • Essay Writing
      • Internship Tips
      • Online Education
      • Scholarships
      • Student Loans
    • Managerial Skills
      • Business Communication
      • Business Networking
      • Facilitator Skills
      • Managing Change
      • Marketing Management
      • Meeting Management
      • Process Management
      • Project Management
      • Project Management Life Cycle
      • Project Management Process
      • Project Risk Management
      • Relationship Management
      • Task Management
      • Team Building
      • Virtual Team Management
    • Essential Life Skills
      • Anger Management
      • Anxiety Management
      • Attitude Development
      • Coaching and Mentoring
      • Emotional Intelligence
      • Stress Management
      • Positive Thinking
    • Communication Skills
      • Conversation Skills
      • Cross Culture Competence
      • English Vocabulary
      • Listening Skills
      • Public Speaking Skills
      • Questioning Skills
    • Soft Skills
      • Assertive Skills
      • Influence Skills
      • Leadership Skills
      • Memory Skills
      • People Skills
      • Presentation Skills
    • Finding a Job
      • Etiquette Tips
      • Group Discussions
      • HR Interviews
      • Interview Notes
      • Job Search Tips
      • Resume Tips
      • Sample Resumes
 

Business Intelligence Overview

By Exforsys | on March 29, 2008 |
Business Intelligence

Business Intelligence Overview

What is Business Intelligence?

Business Intelligence at first glance is a broad array of applications or technologies designed for storing, gathering, analyzing, and processing information. These applications also provide access to data for professionals and help them make better business decisions.

It is the ability of in depth analysis and data mining of detailed business data to provide real and significant information to users. The software allows users to access and review large amounts of complex data. Yet this is only Business technology on the technical side of the spectrum, in fact we also need to acknowledge the human end, meaning the human views and concepts of Business Intelligence.

Business Intelligence is just as much complicated yet helpful applications as it is the interpretations of those who use those applications. This includes the ability to effectively act through the exploitation of information and human resources.

In the Business intelligence environment one also needs to effectively analyze and intuitively present the right information, which enables them to take the right action, or make the right decisions. Business Intelligence puts emphasis on the human element and the need for not just any information, but the information that will benefit professionals and meet their quality requirements.

Why do we need Business Intelligence?

In today’s struggling economy with competition controlling and shrinking the landscape, it is important to make sound business decisions based on complete data. With the proper Business Intelligent implementation, businesses can make decisions and feel comfortable that they are provided with the proper tools and data needed to believe in their decisions. Without the correct Business Intelligence solution even well planned and executed data warehouse architectures can fail.

Business Intelligence is a decisions support system and database that can provide professionals with the information they need to make the most effective decisions for their organization. It also provides data about the organizations details, such as customers, products, and services. Honestly when a one can access this information rapidly and easily in order to take appropriate action or make the right decision business success is realized.

Who uses Business Intelligence?

Business Intelligence is used to track a wide scope of unruly data. This data can be demographic trends, product line profitability, fine tuning of pricing options, identifying of top customers, and tracking product trends. That said we can come to the conclusion that most organizations could benefit from Business intelligence software. These organizations can include restaurant chains, retail, or even professional sports teams.

Unfortunately Business Intelligence software and applications are not easily affordable, therefore they are most commonly used in large corporations, rather then small business. Yet there are new companies on the rise that are providing Business Intelligence applications to mid-sized organizations for a some what affordable fee.

There are so many benefits to having one of these systems that the price is worth it if the organization can fit the expense into their outgoing funds. Business Intelligence tools can provide significant value when considering the benefit they will have to an organization.

What are the benefits of having a Business Intelligence System?

Some of the benefits of having a Business Intelligence system include the ability to access data in a common format from multiple sources, a way to measure goals and analyze cross-departmental data, to see who your organizations good and bad customers are, and to track customer behavior in order to improve services and relationships.

This software can also help to track specific product sales and distributors to improve supply and production, as well as track external trends to improve processes, track market trends to improve an organization’s competitiveness, and fine tune pricing and marketing policies.

Some issues still need consideration, though increased efficiency and extraction of clear information from complex data can improve and reduce the need for data analyst and improve revenues, determine the exact return on an organizations investment in Business Intelligence systems can be difficult. It can take a while to see the real world benefits of Business Intelligence software and executives can easily label the venture as a failure when results are not immediate.

Though the demand for Business Intelligence tools is growing at a rapid pace there is still criticism from the marketplace that the programs are to complex and difficult to use. User resistance will be one of the biggest hurdles for suppliers of Business Intelligence providers to overcome. Another potential problem is the Business Intelligence tools themselves. The applications may be more user friendly than they used to be, the core use of Business Intelligence is still reporting data rather than process management, though that is slowly starting to change. Business Intelligence users must careful not to mistake business intelligence with business analytics.

Are there different types of Business intelligence?

There are two different types of Business Intelligence, each serves the main purpose of providing large quantities of information in an easy to view and digest manner. The first type pf Business Intelligence we will explore is Traditional Business Intelligence.

Traditional Business Intelligence is the use of cubes and graphs to normally track a business’s performance in the past and upcoming terms. It is also used to predict the organizations future performance based on past data. One does this by using reporting and analyzing tools. The one draw back to Traditional Business Intelligence is that the present or real-time data is not usually being observed. Taking action using present data calls for Operational Business Intelligence.

Operational Business Intelligence is used to offer immediate results by providing the needed information to its users. This can be done to implement any needed changes to effectively run the organization in a small amount of time. Operational Business Intelligence deals with operational data, such as the data used by inventory managers or even truck drivers.

It allows these professionals to have up to the minute information to use to make immediate decisions. Where Traditional Business Intelligence deals with past data, Operational Business Intelligence uses real time data, allowing users to access, review, and make needed adjustments.

Is Business Intelligence worth the challenge?

In the end, simplifying and gathering data from multiple sources in an organization enables users to rely upon the informational memory to help with the decision-making process and problem solving strategies to better understand the customers and market behavior.

It may take patience and cooperation from both ends, meaning the data analysts and the IT specialists, to accomplish the desired outcome and benefit from Business Intelligence tools. This can be achieved through comprehensive training on how to use and interpret the information provided by the applications.

When the Business Intelligence tool users are comfortable and well trained, they should find that the product will in fact meet or even surpass its market value. It is easy to view both sides of this issue, yet when one truly takes into account the need for a better way to process, collect, and analyze complicated and large amounts of information the price of such a tool should not be an issue. This is said simply because when using the cost / benefit process it is simple to see that no matter the scenario the benefit usually out weighs the cost.

« « Business Intelligence Training
High Level Data Link Control (HDLC) » »

Author Description

Avatar

Editorial Team at Exforsys is a team of IT Consulting and Training team led by Chandra Vennapoosa.

Free Training

RSSSubscribe 391 Followers
  • Popular
  • Recent
  • Business Intelligence Training

    March 27, 2008 - 0 Comment
  • Business Performance Management

    April 22, 2008 - 0 Comment
  • Business Intelligence Tips

    April 25, 2008 - 0 Comment
  • Business Intelligence Integration

    April 30, 2008 - 0 Comment
  • Business Intelligence in Information Technology

    May 9, 2008 - 0 Comment
  • How to Best Use Business Intelligence to Your Advantage

    May 12, 2008 - 0 Comment
  • Business Intelligence Role in Making Corporate Decisions

    May 17, 2008 - 0 Comment
  • Business Intelligence Key Performance Indicators

    May 17, 2008 - 0 Comment
  • Business Intelligence History

    March 30, 2008 - 0 Comment
  • Why Business Intelligence Projects Fail ?

    May 24, 2013 - 0 Comment
  • Why Business Intelligence Projects Fail ?

    May 24, 2013 - 0 Comment
  • Business Intelligence Key Performance Indicators

    May 17, 2008 - 0 Comment
  • Business Intelligence Role in Making Corporate Decisions

    May 17, 2008 - 0 Comment
  • How to Best Use Business Intelligence to Your Advantage

    May 12, 2008 - 0 Comment
  • Business Intelligence in Information Technology

    May 9, 2008 - 0 Comment
  • Business Intelligence Integration

    April 30, 2008 - 0 Comment
  • Business Intelligence Tips

    April 25, 2008 - 0 Comment
  • Business Performance Management

    April 22, 2008 - 0 Comment
  • Business Intelligence Applications

    April 14, 2008 - 0 Comment
  • Business Intelligence Data Analysis

    April 2, 2008 - 0 Comment

Exforsys e-Newsletter

ebook
 

Related Articles

  • Why Business Intelligence Projects Fail ?
  • Business Intelligence Key Performance Indicators
  • Business Intelligence Role in Making Corporate Decisions
  • How to Best Use Business Intelligence to Your Advantage
  • Business Intelligence in Information Technology

Latest Articles

  • Project Management Techniques
  • Product Development Best Practices
  • Importance of Quality Data Management
  • How to Maximize Quality Assurance
  • Utilizing Effective Quality Assurance Strategies
  • Sitemap
  • Privacy Policy
  • DMCA
  • Trademark Information
  • Contact Us
© 2023. All Rights Reserved.IT Training and Consulting
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT