Business Intelligence

Business intelligence, sometimes known as business performance management, is

a set of technologies used to increase the understanding of business processes
and their associated data. Good use of business intelligence helps you organize
data about your organization so that it is useful, actionable, and capable of
transforming your underlining business processes. The BI consists of e tools and
systems that play a key role in the strategic planning and process of the
corporation. These system allow company to gather, store, access and analyze
corporate data to aid in decision-making.
Existing System:
The use spread sheets and raw data having have data, but no
real information that lack the in-depth analysis of company data, no system for
saving and accessing historical data, the lack information to make the right
decisions.
Disadvantages:
Spending lot of time in finding and structuring the needed information and
information not easily accessible for those who need it.
It is it difficult and time-consuming to integrate and consolidate data,
collecting information and cobbling it together via spread sheets is
cumbersome.
The detailed information that decision-makers need can be hard to get or
not even available and establishing a company wide model.
Creating organizational plans, distributing and collecting information from
different managers, consolidating multiple spread sheets, and debugging
broken macros and formulas becomes unwieldy.
Proposed System:
Business intelligence makes dynamic
business decisions by having accurate, current and relevant information available
when you most need it, Meet or exceed your customer expectations based on
factual information.

Advantages:
A shorter response time and a faster time to market. Thus, an
improvement of the companys competitive advantage.
Drill down into reports and pull together information that can make the
difference between a great business decision and a poor one.
Get faster answers to your business questions, Get key business metrics
reports when and where you need them.
See where your business has been, where it is now and where it is going.
An opportunity to create KPI based score cards to monitor the companys
results. Thus making the company strategy measurable in practice.
Conclusion:
Organizations that have developed BI successfully are not only serving the
downturn but thriving. It has helped them to manage inventories, cut costs,
better target promotions, increases equipment utilizations and identify their most
loyal customers and their preferences. BI eliminates unknowns and is playing a
pivotal role in restoring confidence by illuminating the broader economic
landscape. Traditionally BI has been used by large corporations, but it must be
democratized to make it suitable for mid-sized organizations. Each organization
must try to navigate its own way out of the slump, but effective use of BI chart
the way keeping in mind that Decision-making must be based on collaboration
and a wider range of data sources.

CH V L SAI KRISHNA
CSE 3A
11621a0509