Business driving forces behind Business Intelligence
It can be noted that there are some business driving forces behind business intelligence, one being the need to improve ease-of-use and reduce the resources required to implement and use new information technologies. There are additional driving forces behind business intelligence, for example:
1. The need to increase revenues, Reduce costs, and compete more effectively. Gone are the days when end users could manage and plan business operations using monthly batch reports, and IT organizations had months to implement new applications. Today companies need to deploy informational applications rapidly, and provide business users with easy and fast access to business information that reflects the rapidly changing business environment. Business intelligence systems are focused towards end user information access and delivery, and provide packaged business solutions in addition to supporting the sophisticated information technologies required for the processing of today’s business information.
2. The need to manage and model the complexity of today’s business environment. Corporate mergers and deregulation means that companies today are providing and supporting a wider range of products and services to a broader and more diverse audience than ever before. Understanding and managing such a complex business environment and maximizing business investment is becoming increasingly more difficult. Business intelligence systems provide more than just basic query and reporting mechanisms, they also offer sophisticated information analysis and information discovery tools that are designed to handle and process the complex business information associated with today’s business environment.
3. The need to reduce IT costs and leverage existing corporate business information. The investment in IT systems today is usually a significant percentage of corporate expenses, and there is a need not only to reduce this overhead, but also to gain the maximum business benefits from the information managed by IT systems. New information technologies like corporate intranets, thin-client computing, and subscription-driven information delivery help reduce the cost of deploying business intelligence systems to a wider user audience, especially information consumers like executives and business managers. Business intelligence systems also broaden the scope of the information that can be processed to include not only operational and warehouse data, but also information managed by office systems and corporate Web servers.
Posted on September 8th, 2008 by Sanjay Mehta
Filed under: Business Intelligence
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