BUSINESS INTELLIGENCE

When people think of Business Intelligence they may think of data, information, reporting, analysis and on line analytical procession (OLAP) cubes. But over the last several years, Business Intelligence has become much more than that. Companies are trying to make use of the enormous amounts of data and information generated by their ERP systems and other applications, and business intelligence is now an essential part of strategic and tactical business management.
Business Intelligence is becoming a strategic tool to help people lead, measure, optimize, discover, and innovate in order to change the landscape of their organization.

Business Intelligence capabilities empower employees to:

• Align day-to-day operations with overall company strategy and objectives
• Identify and understand the relationship between business processes and their impact on performance
• Access information relevant to specific user roles and responsibilities
• Analyze data from documents and spreadsheets in an easy way
• Monitor the vital business indicators that are needed to move an organization forward such as: 
   
       - Current status and trend of essential financial ratios
       - Effectiveness and profitability of sales channels
       - Crucial operational metrics  

 In short, Business Intelligence helps companies gain a comprehensive and integrated view of their business and facilitate better and more effective decision-making.