Business intelligence is a technology-driven process for analysis data and doing actionable information to help business managers corporate executives, and other end users make more knowledgeable business decisions. BI (Business Intelligence) encompasses a variety of methodologies, applications and tools that enable organizations to receive data from external origins and internal systems, prepare it for analysis, develop and run queries against the data to create reports, data visualizations and dashboards to make the analytical results available to corporate decision makers as well as operational workers.
Business Intelligence is being used by more and more companies as it can improve the bottom line by better decision-making. Is Business Intelligence something that you and your organization need - and would you benefit from it?
If you can approve one or several of these seven questions - if the answer is yes – and Business Intelligence can be considered in your company as well:
IT department can not develop custom management reports fast enough
IT has become a bottleneck to develop custom reports
One single point access to manage data
Measure and manage daily business activities
Enable users Self-services BI
Reduce manual report development
Replace a legacy reporting system
Without a DWH, a significant amount of business logic is built into each individual report
Improve client loyalty, for example: client purchases by channel, client sales over time, client who buy both products A and B. Also manage product prices, such as: retail price versus manufacturing costs and price trend over time
Improve On-time Delivery, for example: Number/volume shipments shipped by requested date, ratio of number of days of sales versus inventory fulfill those sales (DSI), inventory levels for top-selling products, number of early, ontime and late orders over time
Reduce aging of accounts receivable, for each Cash flow analysis, Gross margin analysis, Actual expenses versus budget
Reduce employee turnover, Salary versus job level, job history, market salaries, illness, training costs, travel costs
SAP BusinessObjects delivers reporting, performance management, query and analysis and enterprise information management tools.
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