| Corporations
are currently investigating and evaluating Business
Intelligence (BI) to help them reduce
costs and improve business efficiencies. Successful
businesses know decisions need to be made from
the most complete and accurate data possible.
A company needs to be able to combine data from
legacy systems, software products, and real-time
sources to transform the data into deeper insights
about their business. These insights can provide
the competitive advantage that is needed to thrive
in an environment where customers have many choices.
BI refers to the capability to leverage data into
meaningful information that will provide richer
insights into how a business is doing today and
provides a sense of where it may be going
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| B
.I. ARCHITECTURE |
BI solutions
provide:
• Analysis of sales and operations.
• Understanding of customer behavior.
• Identification of opportunities for revenue
increases and costs savings.
• Improvements in overall decision-making.
• Analysis of large amounts of historical
data which can be analyzed to identify patterns
and understand trends that might
impact the business.
BI solutions
are a key differentiator in todays increasingly
competitive business environment. Staying ahead
of the competition requires the ability to predict
and respond to trends in the marketplace, rather
than merely reacting to isolated events. Advancements
in technology have made the use of BI practical
and cost effective to a wider audience. With a
BI solution, organizations are able to transform
data into actionable information in less time
while deploying it across intranets and extranets
to improve decision-making and increase the responsiveness
of all areas of the organization. In addition,
BI has become strategic for companies, but needs
to be integrated into every business process to
guide business operations towards achieving strategic
objectives. Companies need to be responsible for
establishing many information stores and access
paths required to support these processes. |