The solutions that business intelligence (commonly known as BI) already have the capacity to now satisfy the reporting and analysis needs of the whole organization, from front liners to executives and to analysts.
BI
Business intelligence is one wide category of computer solutions for company’s varied use. Basically, these are all used to gain insight into the company’s critical operations via its reporting applications and analysis tools.
These may include such components as tabular reports, charts, spreadsheets, and dashboards. Traditionally, they are delivered onto the host’s terminals and though paper reports.
These days, the modern deployment of BI systems is over the web, via Internet, or intranet connections. Some new ones have now developed interactive BI apps optimized for mobile devices (tablets, smart phones, and the email).
Well-developed BI applications brings to anyone in the company the ability to exercise better decisions through quick understanding of the many “information assets” in the organization. Most important, they understood how all these will interact with each other.
The assets
The various assets include customer databases, personnel data, supply chain information, manufacturing and product data, sales and marketing activities, and all other information critical to the company’s operations.
A healthy BI application would include integration and data cleansing functions, and can allow the user to integrate the many disparate data sources and gather them into one coherent framework. This allows real reporting and detailed analysis for anyone in the enterprise – the customers, the partners, the executives and managers, and the employees.
Some problems
With regards to the systems and the solutions, the biggest problem to date is user resistance. Some others have something to do with poor data quality and raking across irrelevant data that are huge.
As has always been, accurate insights from the business intelligence solutions Queensland can be had through standard data.
As it is, companies have been sourcing their data from data stores and data warehouses in good conditions. This they do before they can extract and act on insights. Otherwise, the whole operations will be based on flawed information.
The system and the tools
The second difficulty is the BI tools. They may be scalable and user-friendly, but they are still doing reporting instead of process management. (Fortunately, this is beginning to change.)
Thirdly, most companies still don’t understand their own business processes well enough. This is necessary to change them and they need to be careful on the processes they select. If the process won’t have a direct impact on revenues (and on the business itself), the entire BI efforts might break up.
Today, companies have to understand the many facets of their particular business process. This would include how information and data flow across the processes, how data is passed across users, and how people will use it. Business intelligence solutions Queensland have to be used wisely.
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