Article: Beyondintelligence.org

BUSINESS INTELLIGENCE – EVERYTHING YOU EVER WANTED TO KNOW

The concept of business intelligence is not new in the world by any means. Corporations, whether large scale or

small scale, have been making effective use of this system in some form or the other.. But its emergence as a

specialist function in the overall business machinery is a much more recent trend – a phenomenon that has helped

to unlock the true potential of this data that was hitherto unrealised.

In case you haven’t yet adopted the system into your organisation, here is a guide that will answer all your questions

about business intelligence tools and more.

What it means?

Business Intelligence is basically any real-time, past or future information that will come in handy when business

professionals and management executives analyse a given set of circumstances related to an organisation and

formulate strategies that will be implemented in the future. Data coming from all directions and sources that is

relevant to a particular decision making premise should be presented in front of the executives so that they are able

to take informed steps and action.

What is the utility of business intelligence tools?

Managers require a stream of data flowing in constantly from different sections and functions of an enterprise for

being able to predict the future course of a company’s business. This data is huge in volume and needs to be sorted

and processed so that the only the relevant information is presented in front of executives and that too at the right

time. This sorting and processing of data and its conversion into useful information is carried out by business

intelligence tools and software. BI data can help an enterprise rapidly adjust to changing business environment,

while BI tools ensure that the changing business environment is rapidly as well as correctly identified and reported

to facilitate a streamlined decision-making process.

What are the common business intelligence tools available in the market?

Enterprises have been using the concept of business intelligence in their strategising and decision making process for

quite some time now. Various everyday tools and software have been modified and customised to use in these

functions. Plus there are many specialist business intelligence software also available in the market that you can use

for your organisation’s requirements. Here is a list of the basic tools that you can think of using in your organisation.

Local information systems

Process mining systems

Dashboards and business performance management software

Online analytical processing (OLAP)

Data mining and warehousing systems

Reporting and querying software

Spreadsheets for recording and simple processing of data

Apart from these standard systems, there are many business intelligence tools available in the market too, that you

can make use of in your organizations. The software is available in both off-the-shelf as well as custom designed

formats. Cost considerations differ for each type.

In case you are looking for a trustworthy solutions provider for your needs of business intelligence tools, be sure to

visit BeyondIntelligence.org.

Article: Beyondintelligence.org

ABOUT THE AUTHOR

Phillip Jones is an expert in business intelligence and information processing models. His articles are a great source of

information for enterprise owners looking to streamline their communication and information flow channels. His

recommendation is to anyone looking for BI software is BeyondIntelligence.org.