Business Intelligence (BI) supersedes MIS
Author: Ashwin Dedhia, Director
Information systems and information technology are integral components of every modern organization. Part of this relationship is the role IS and IT plays in the pursuit of a business’s strategy and long term goals.
Management needs information to run business. Better the system to get the information better the control, growth and profitability of the business. These were MIS. Today’s competitive business landscape makes it mandatory for organizations to develop systems that shall bring out information from the data collected during the business transactions. The collection of information needs to be near real time, dynamic, and analytical. Users should be capable of converting this information in different formats for faster interpretation and better decision making. This collectively is termed as BI.
Business Intelligence (BI)—that collection of technologies used to analyze data from different business systems in order to reveal meaningful insights about a company’s operations—is among CIOs’ top spending priorities, according to Merrill Lynch’s CIO Spending Survey. 1KEY BI tool, developed in INDIA by MAIA Intelligence, provides the best of the reporting capabilities.
MIS were used by a select few in the organization, due to the efforts involved in collecting data and preparation of summaries from the same. Use of Computers in the MIS process helped in speeding up the process and increased its reach. Then came the phase of BI, BI has been privilege of the TOP segment of the pyramid. The cost involved prohibited the expansion of BI to the Middle tier Business users. Operational BI is expected to do the task of making it available to masses, as they are the ones who need BI, more times in a day.
Posted on February 1st, 2008 by Ashwin Dedhia
Filed under: Business Intelligence, CIO Community, Emerging Trends
Leave a Reply