Business Intelligence (BI) is the technology and practice of applying information to make Strategic and/or Tactical Actionable decisions.
In this way, Business Intelligence is different than Data Warehousing, which is more about storing information from a variety of transactional sources.
It is also more comprehensive than Data Mining, which is the Extraction of Data from a Data Warehouse and Transforming it into Useful and Actionable Information.
Data is simply a metric, meaningless by itself and without context. Information has context and shows its real value when many people can use and share it.
When good Information is readily available in real time if/as needed, Actions can be taken to run the Business or Organization optimally at high levels of Performance.
This is the goal of Business Intelligence.
Different Business Intelligence tools address management needs in different ways:
Reporting delivers regular, timely information, with the ability to author reports or queries to get specific details.
OLAP analysis, with its multiple dimensions and cubes, allows you to compare and contrast information against time and other factors to uncover trends.
Scorecarding presents your key performance metrics versus executive set Standards and reporting how you are doing against those Standards..
Executive dashboards put dynamically updated information from multiple sources in context, and do so in an easy-to-understand graphic format.
Performance Management is a collection of disciplines for continually tracking strategy actions and monitoring the results.
Predictive Analytics provides capabilities for finding correlations among trends and simulating Strategic Actions and gauging the impact on the Business.
Command and Control is the DELTA MAX term for a Business Intelligence capability that automates decision making and can even execute Actionable strategies directly.
Do you need to be a large business or organization to afford and use Business Intelligence tools and capabilities effectively?
Organizations of all sizes, purposes and types need access to the right information to understand how to get the most out of their people.
As examples, a small company’s sales organization is a vital resource that requires ongoing investment, and dynamic, continuous actions and strategy.
The sales teams of a mid-size company are constantly challenged with new products, technologies, changing market requirements and competitive dynamics.
A large divison of an enterprise automates decision making using Predictive Analytics, saving hundreds of thousands of $ every year, with better results.
It's no wonder that many companies are so interested in Business Intelligence. One of them quite possibly is a competitor of yours ....
Most any company of any size can use dashboards to :
Gain visibility into how the sales training budget is being spent,
Evaluate how sales reps and manufacturing resources are deployed,
Analyze where inventories are misplaced and unavailable where the sales action is, and
Take Actions when the dynamic status of the business or organization changes, in time to positively affect performance achievement..
All of the Business Intelligence tools should integrate to present a coordinated view of the organization, to users and managers who run the organization.
In this way, people using different tools share the same answers to the same questions, gain more value from your information investment, and make better decisions.
What if you could:
Put actionable, trustworthy business intelligence (BI) into the hands of all of your people-wherever their location and in whatever format works for them?
Do it at a cost that won't bust your budget?
Be sure that this data and information were protected and compliant with your security initiatives and policies?
Well, you can. The process towards getting there, begins as soon as you contact us.
