Technical note on - Business Intelligence Software Submitted by

Rohit meena Section D Roll no. 11281

Submitted by Rohit meena Section- D Roll no.- 11281

The process by which an organization manages large amounts Of data, extracting pertinent information, and turning that information into knowledge upon which actions can be taken Why BIS 1. Ensures availability of Accurate, timely & consistent data 2. Provide quick information and expedite the decision making
SELF SERVICE REPORTING END USER ANALYSIS

BENEFITS OF BIS
ADVANCED ANAYTICS PERFORMANCE MANAGEMNT

Advanced

Data sourcing: extracting electronic information from images, documents, databases etc.

inferences Data analysis: finding useful information through data mining and other techniques

Situation awareness: filtering & linking useful data and inferences to analyse the market. Risk analysis: making decision with expected processes award and risk Decision support: link the inferences to support strategies and decisions

Firm requirementcentralization and consistency in data

Validation of BIS

Analyze current data system like ERP Train our own employees to maintain and use the BIS efficiently

Develop BIS to satisfy own needs

Finalize the solution with modification & implement Deploy the solution throughout the organization

Key points 1. Always start with most paint point- after analyzing the business requirement 2. Solutions- a. cost effective which meet organizations requirement b. can be user or client friendly with superior experience

Source : Microsoft BI

Strengths Product strength Provides advanced analysis for end users Supports in decision making And performance measurement Opportunities Technology product Provides differential & Competitive advantage to firms

Weakness Highly expensive Increase dependency on vendors New territory- so big firms reluctant to adapt Threats Reliance on professional services Expensive for small firms Complex and strict licensing