Business Intelligence

Business Intelligence - the main tool of managers and strategy’s experts.

First of all: BI is very wide concept. Generally speaking, it is an advance of transforming data to information, and information to knowledge, which can be used to increase the competitiveness of the company.

Techniques of presentation are adapting especially to user necessities. Thanks that it can be clear and obvious. If we want to make a fast decision regarding our business we have to analyse a lot of data. To the effect avoiding of looking lots of numbers, visualisations of present state are realised in form of picture or diagram.
Corporations own in their informatics systems many data. Usually they are archivered and seldom using in business intelligence. Building business strategies is impossible if corporations don’t have tools using for fast reviewing, analysing or making reports.
If BI is put into a practise, then we have possibility of integrate data and analysing them. BI analyses are usually standard. The corporations are interested in analyse of several key indicators. But it helps not only in supporting decisions and process of planning. It can also warn about possible danger which let work the ‘security plan’. The main element is time which we saved. After introduced the business analyses tools with the data’s warehouse, the time of making reports is falled off.
The main thing is that BI is not a ‘ready-made’ product , which helps you to solve all your problems. It is just useful way of helping you in development of yours business. What also should been told is that Business Inteligence is not a single product, technology or methodology. It matches all that concepts in one. It combine three specified things in one system to organize key information that is needed to improve profit and performance.
The typical schematic diagram of BI based on generating of standard reports or enumerating Key Performance Indicators. On this base are made hypothesis, and then they’re verificated.

Costs and profits

In business the primary things are reduce costs and increasing profits. Analysis of market helps to achieve this purposes. For example: Managers and experts are collecting business information, analyses and decisions. Then they match it in whole- the Context of Core Business Processes. This concept include management processes, (e.g. planning, budgeting, forecasting, monitoring and controlling), revenue generating processes (e.g. marketing, sales, campaign, management and channel management) and operating processes (e.g. customer service, billing, manufacturing, logistics and inventory management). These elements helps specialist to increase sales, reduce costs and increase profits.
Business Intelligence can be used in every value corporations: also big ones like that smaller.

Business Intelligence software

Business intelligence includes also the systems of automatic reaction for events, e.g. sending to client reports about realization of the order.
The basic systems which are included to BI are:

EIS- Executive Information Systems

DSS- Decision Support Systems

MIS- Management Information Systems

GIS- Geographic Information Systems
The wrong thing is to expect from BI system simple answers and “the only right solution”. It is just impossible to realizate. The second thing is tendentious presentation of data.