This paper illustrates that ever changing newer technologies have transformed businesses all over the world and these technologies are actually determining the future viability of a said business in today’s competitive environment. An organization today is more or less global in some way or the other, therefore, the competition is not constrained to geographical boundaries. The effect of this threat is evident and companies are being more proactive in investing in software suites that would provide them with the competitive edge over their rivals. Economies in many ways are becoming more and more technology dependent these days and this means that the organizations performing business in these economies too should equip themselves with technology and use it to outperform their competitors. Many theorists have argued over the recent times that organizations should employ technology to make them more agile and flexible. To serve this purpose, many renowned business managers came up with the idea of using statistical measures to best translate the data they have. Data is only an asset if it can be transformed into some useful information by the means of which decision making could be made easier and business managers can forecast their production plans and marketing strategies. Companies therefore are moving away from conventional approaches to a paradigm where information management is a very important determinant. ...Show more
This essay analyzes how a particular business intelligence tool or a combination of business analysis tool can benefit an organization. Business Analysis or analytics is a specific mix of business and technical knowledge and a very specialized business line in its own right…
According to the study conducted Human Resource scheduling relies a lot on data. Suitable as well as precise information is therefore necessary to scheduling of human resources as well as to a number of aspects of the human resource management function by itself. There are some specific fundamental needs, up to which the data is required to match.
Business intelligence is generally not oxymoronic, as it not about designing new ways of doing business. It simply enables a business to continue its functions by providing in time access to the data that is required. Many Companies use BI to cut costs, identify new business opportunities and to improve decision-making.
Business intelligence is one of such technologies; it refers to computer based techniques that are used to identify and extract patterns from business data to facilitate decision making and formulation of effective strategies. Power (2007) stated that business intelligence is also referred to as decision support systems.
Today, however, business intelligence is an integral part of the tactical management tools in an organization, supporting decision-making on the daily operations to achieve corporate objectives. Thus, business intelligence refers to the process of analyzing huge organizational data stored in databases, tracking the performance of the business, identifying business trends and patterns, and helping users of business enterprise to make better decisions (Electrosmart, 2012).
The purpose of Business intelligence is to look through the stored information, generate historical, present, and even predict future events of a business, thus helping an organization to operate based on reliable information, thus planning effectively for its activities to enhance business growth and success.
In the current world, the use of Information technology has become the need of an hour for all the organizations. The usage of IT differs from various organizations, depending on their needs. Most organizations though, try to implement the best and the most advanced technology available to ease the usability for their customers and attract them.
This may be through processes that allow for search and navigation to an advanced form of analytics, query of enterprise, reporting and analysis and management of information infrastructure amongst many other functions. One of the tools is the SAP Business Objects Business Intelligence (BI) platform, which provides a system that is flexible, used in the management of an enterprise BI standard that has a provision that allows those charged with administering it to deploy.
Business intelligence implementation depends on certain critical success factors which can influence the managerial decision making. In recent years business intelligence has been able to acquire its place among one of the most required
tation of BI platforms enables enterprises to develop BI applications through the provision of capabilities categorized as online analytical processing (OLAP); platform integration such as BI metadata development and management environment; and information delivery. This paper
5 pages (1250 words)Research Paper
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