Business Intelligence
Business intelligence (BI) refers to skills, technologies, applications and practices used to help a business acquire a better understanding of its commercial context.
Organizations and businesses typically sit on a wealth of data but despite this can suffer from a deficiency in management information.
"Accurate and on-time information is a base requirement for management to make effective decisions and as an aid to competitiveness".
Information Deficiency
Information deficiency can range from a complete lack of regular management reports to the situation where information is just too late. How often have you heard the words, “If only I had known that last week!”
- Knowledge gaps in key business measures
- Frustration in identifying the information that is actually needed
- Delay’s in receiving the required information
- Needing to re-work data into presentable formats
The symptoms;
- poor access to your data
- inadequate toolsets for report creation
- restrictive distribution methods
- heavy reliance on manual re-work within Excel