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Showing posts with label business intelligence definition. Show all posts
Showing posts with label business intelligence definition. Show all posts

Friday, April 16, 2010

Executive Dashboard Software

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Executive Dashboard Software
Executive Dashboard Software Advice For Business People
By Sam Miller Platinum Quality Author

Companies from around the world will compete for customers and for their market status. It is important that they are up for the game. Otherwise, they will end up being bankrupt and will resort to premature closing. So, what is the executive dashboard software? This is a powerful tool that can be used by different companies in order for them to view the condition of their business. This will help the businessmen to detect if the health of their enterprise needs to be replenished or be maintained. It is recommended that you search for a good dashboard software advice before you make use of this.

You should be aware that the executive dashboards allow the users to customize the display of the data so that it can cater to whatever you need information for. You can set the settings in order for you to determine the figures in sales as well as the manufacturing statistics. Now, you have a real time view of what your company is going through. This is especially helpful for those who are angling for a better profit for their firm.

Guides are available nowadays for the dashboards. More importantly, they do not charge people. The only difficult task is to make sure that they provide quality pieces of advice so that you will not get lost in the sea of executive panels. As a matter of fact, you do not have to completely limit your idea to the software that can be downloaded today. There are individuals that offer objective views to the executives of the company so that they can make decisions that will help the firm prosper. This however is a task that is hard to fulfill since most of these persons are only after the money of your organization. Learn to find those that are worth your trust and the money that you will give them.

On the other hand, the programs that you can download and install in your computer can be used to keep track of the health of your business without allowing you to perform difficult tasks. All you have to do is to supply the right data, which will be used in the process of scrutiny. Competition is fine as long as you will be able to keep your company on check whenever there is a need to.

This dashboard software guide will also tell you the features of this program. You may be wondering why this is valuable for the businessmen. Actually, with this tool, they can make strategic planning and decisions in order for them to achieve their company's objectives. The executive dashboard software is also known as the business dashboard. This is indeed a great solution that provides the much needed information. With its ability to present accurate and timely data, the company can build a precise picture of the performance of their business. As an executive dashboard device your business will surely benefit from this program. You can make good decisions in the nick of time so that your company will eventually reach its goals.

If you are interested in Dashboard Software Advice, check this web-site to learn more about dashboard software guide.

Article Source: http://EzineArticles.com/?expert=Sam_Miller

Executive Dashboard Software

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Executive Dashboard Software
Executive Dashboard Software Advice For Business People
By Sam Miller Platinum Quality Author

Companies from around the world will compete for customers and for their market status. It is important that they are up for the game. Otherwise, they will end up being bankrupt and will resort to premature closing. So, what is the executive dashboard software? This is a powerful tool that can be used by different companies in order for them to view the condition of their business. This will help the businessmen to detect if the health of their enterprise needs to be replenished or be maintained. It is recommended that you search for a good dashboard software advice before you make use of this.

You should be aware that the executive dashboards allow the users to customize the display of the data so that it can cater to whatever you need information for. You can set the settings in order for you to determine the figures in sales as well as the manufacturing statistics. Now, you have a real time view of what your company is going through. This is especially helpful for those who are angling for a better profit for their firm.

Guides are available nowadays for the dashboards. More importantly, they do not charge people. The only difficult task is to make sure that they provide quality pieces of advice so that you will not get lost in the sea of executive panels. As a matter of fact, you do not have to completely limit your idea to the software that can be downloaded today. There are individuals that offer objective views to the executives of the company so that they can make decisions that will help the firm prosper. This however is a task that is hard to fulfill since most of these persons are only after the money of your organization. Learn to find those that are worth your trust and the money that you will give them.

On the other hand, the programs that you can download and install in your computer can be used to keep track of the health of your business without allowing you to perform difficult tasks. All you have to do is to supply the right data, which will be used in the process of scrutiny. Competition is fine as long as you will be able to keep your company on check whenever there is a need to.

This dashboard software guide will also tell you the features of this program. You may be wondering why this is valuable for the businessmen. Actually, with this tool, they can make strategic planning and decisions in order for them to achieve their company's objectives. The executive dashboard software is also known as the business dashboard. This is indeed a great solution that provides the much needed information. With its ability to present accurate and timely data, the company can build a precise picture of the performance of their business. As an executive dashboard device your business will surely benefit from this program. You can make good decisions in the nick of time so that your company will eventually reach its goals.

If you are interested in Dashboard Software Advice, check this web-site to learn more about dashboard software guide.

Article Source: http://EzineArticles.com/?expert=Sam_Miller

business intelligence consultants

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Tips : Choosing the Right Business Intelligence Consultants
business intelligence consultants
By Graham Baylis Jr Platinum Quality Author

In the right environment, Business Intelligence (BI) enables faster data analysis and more effective business planning but getting an organisation to the point where BI can work for them can be a complex process. It is absolutely essential that the right business intelligence consultants is employed to facilitate the change. Always look for a reputable consultancy with a verifiable track record and demonstrable implementation experience before making any decisions.

Don't Take Business Intelligence Likely

Business intelligence is definitely not something to be taken lightly. No matter what your reasons for making the decision to change the way you run your organisation, the ultimate goal is that a new BI system should integrate seamlessly with all your legacy applications and without impacting on your day to day operations. This means days and sometimes weeks of painstaking work making sure that all the legacy systems comply with the new BI system requirements. Experience is the only way to be sure an implementation will be trouble free.

Making your choice of business intelligence consultancy will not be easy. Many consultancies look the same on the surface so bear in mind that you will require tailor-made solutions, delivered on time and to budget. Your new consultancy must provide experts in leading technologies from Microsoft and Business Objects who will work with you to design, develop and deliver business intelligence, performance management and portal solutions that will add real value to your business. But how and where will you find them?

The Internet Search

You could start out with a basic internet search for business intelligence consultants but the number of listings could threaten to overwhelm you. The trick is to think smart. Work out exactly what you need your business intelligence system to do for you and then search for providers. Make a short list then search again using other criterion. Business Intelligence (BI) is all about getting things right first time, so begin the process by doing your initial research properly.

The Business Intelligence Consultancy Marketplace

If you check out the business intelligence consultants marketplace in this way you will quickly realise that there are actually very few genuine 'players'. The reason is simple: there simply aren't that many consultancies with the capability to evaluate all the business critical issues affecting your operation; design a business intelligence system; provide performance management and portal solutions to suit your specific needs and add real value to your business.

You need your ideal business intelligence consultants to help you to implement solutions that process data and present it in ways that can be used immediately, without hours of tedious interpretation and cross analysis. Most important of all they should be able to provide you with the confidence that your specific objectives are being met by experienced and professional consultants, giving you the power to get back in control of your data.

Take time and make supreme efforts to get your consultancy choice right first time as the business intelligence route can provide amazing benefits for your operation, but you only want to do it once!

Business Intelligence is all about making sure that a business owner and their staff knows what is going on in their business. This is just what Contemporary a leader in the field of Business Intelligence offers, their business intelligence consultants services being amongst the finest in the UK. See www.contemporary.co.uk

Article Source: http://EzineArticles.com/?expert=Graham_Baylis_Jr

business intelligence consulting

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business intelligence consulting
Business Intelligence Consulting - Understanding the Importance of Business Intelligence Tools
By Stephan Weigandt

Whether your business is just on the verge of making it big or you want to make sure that you have a solid grip on the market that you already lead, you'll discover that you are going to be running into some real problems unless you take the time to evaluate your company's business intelligence and how competitive it is with businesses that are already making use of the tools that go with this concept. Essentially, business intelligence is a measure of your company's capacity to get a better understanding of its commercial context, and without enough of it, you will soon find yourself in dire financial straits.

You already know that you are not going to be able to get very far in the business world without keeping good records, but do you know how to evaluate them? Do you know how to recognize a trend and can you accurately predict what the market is going to be like later in the year or even in the next three or five years? Where exactly do you stand in a commercial context and can you use the information that you have to make the decisions that will steer your business right?

The truth of the matter is that for far too many businesses, business intelligence takes a back seat to things like impulsive, ill-informed decision making. To be truly in command of your business intelligence, you are going to need to make use of the reporting and dashboards that will give you the right information that you need. Not only do you need to have all the facts to make your decisions, you are also going to need to think about how those facts can be arranged and organized!

Consider having a number of tiles that all have different words on them. When the tiles are scattered, they are nonsense, and it isn't until someone puts them into sentences that you will be able to see what the meaning there is. When you are looking to enhance your company's business intelligence, you will need to look for the tools that help you do precisely that. Through good data processing, an accurate reading of the data that you have and the proper translation of the data into a form that is comprehensive to the people who are going to be doing the decision making.

Through the use of good business intelligence technology, you can get an accurate view of where your company has been, where it is and where it will be. You can analyze your business's efficiency and and its performance and when the data is laid out for you, the decisions that you make will be much clearer.

A 2009 Garner paper suggested that by 2012, more than 35 percent of the world's top 5000 global companies will have issues making good decisions due to a combination of changing markets and lack of information, tools and processes. No matter where you stand or what you do, make sure that you do not suffer from a crucial lack of business intelligence.

Discover more information about business intelligence tools on our website and our expertise for your business intelligence consulting. Our company has had a successful track record in implementing business intelligence solutions with our clients.

Our methodology and the selection and integration of the business intelligence tools in our solution guarantee your business intelligence success.

Modern Analytics is also your partner for data mining and data warehousing.

Don't hesitate to contact us. You can either call us or just fill out the form on our "Contact Us" page. Tell us your challenge and we will direct you in the right direction.

Article Source: http://EzineArticles.com/?expert=Stephan_Weigandt

Thursday, April 8, 2010

business intelligence definition

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What is Business Intelligence?
By Clive Margolis

Business Intelligence (also known as BI) is big business. In a recent report market analyst Datamonitor predicts business intelligence spend by retail banking in North America, Europe, the Middle East and Asia-Pacific, will increase around 60.7%, from $5.6 billion in 2006 to $9 billion by 2012.

So what is business intelligence, and why would you even need it?

As is typical in the IT industry 'Business Intelligence' is means something slightly different to everyone. So I have come up with my own definition of BI. Here it is:

"Business Intelligence is a system which enables organisations to collect, analyse and present business information to support business decisions."

Business Intelligence is a system ...
BI is not a collection of diverse tools you put together and 'hope for the best'. If you want to get good results you need to plan from the start. Don't be dazzled by the impressive offerings of the software giants. Have a clear picture from the start of what you want to get from BI, and how you plan to get there, and your chances of getting real value from Business Intelligence multiply greatly.

One thing that differentiates BI systems from traditional systems like inventory, distribution and finance systems is flexibility - the ability to add measures and outputs as your organisation and its use of BI develop. But this flexibility does not excuse you from the planning stages - in fact it increases the need for planning.

Unlike many traditional computer systems, a single BI system can provide value to all departments within your organisation, but as with any system it is important not to expect delivery on everything at the same time. Build steadily, working down your priority list.

... which enables organisations to collect ...
The first question you might ask is "why do I have to collect information I already have in my database"? The answer is, you probably don't have it already. You might have some of the information you need, and even then it is probably not in the exact form you need it. Much of the other information you need is probably on spreadsheets on various peoples' desks, or doesn't exist at all and has to be collected.

Even if you have all the information you need already (which is unlikely) it is a good idea for the BI system to store it somewhere else. That way the data can be organised and aggregated to make it work quickly and efficiently in a BI system. Often you need to add history to your BI database, which may not be kept in your existing transactional systems.

The most popular way to collect the data is in a specially-designed data warehouse. It takes time and skill to develop a good data warehouse, but in most cases it is vital to an effective BI implementation. A good data warehouse need not be a huge, complex beast - the simpler the design, the lower the cost, and the more chance of success.

A good data warehouse design can be easily extended to allow for unforeseen business reporting requirements.

... analyse ...
Generally speaking, data is best suited to BI reporting when it is

(a) summarised, and
(b) organised in hierarchies

. In large organisations with large amounts of data this number-crunching process can require millions of calculations and is often carried out overnight on a daily basis. Calculations, sometimes between quite diversely held data elements, allow you to create specific 'key performance indicators' (KPIs) such as Profit per Customer and Revenue per Employee.

Data held in multidimensional structures known as cubes contain this hierarchical, summarised information which allows managers to analyse KPIs at any level of the organisation - giving them the ability to see, for example, Revenue per Employee at National, Regional and Area levels, by month or summarised at the year level.

... and present business information ...
Presentation of information is a key issue, and should be considered with the nature of the data and also the recipient in mind. Presentation methods in BI are constantly evolving and include:

- Online and printed reports and queries
- Graphs
- Multidimensional cubes
- Dashboards
- Scorecards

Mostly delivery is online but cubes can - depending on the software package used to create them - be taken offline and analysed on a non-networked laptop, for example. Recent features such as email alerts can be vitally important where metrics change rapidly and quick action must be taken to remedy them.

...to support business decisions.
The most common reason for collecting, analysing and presenting KPIs and metrics is to monitor and improve the performance of your organisation. In economic terms you need to get more from your BI system than you put in (ie the benefits should outweigh the costs). If this is not the case you can usually improve the balance by making more use of it, which often means adding more KPIs and users.

That's It - Summary
Business Intelligence systems maximise data use by collating the data into useful metrics and KPIs and presenting them effectively. How effective your Business Intelligence system becomes is related to how well it was planned and implemented. A well-implemented BI system can cut costs, improve productivity and make an organisation more competitive. An effective BI strategy is vital to success.

Clive Margolis is Consultant Director at http://www.acestar.co.uk

"I help you unlock your hidden data to give you greater productivity and strategic edge."

Article Source: http://EzineArticles.com/?expert=Clive_Margolis What is Business Intelligence?
By Clive Margolis