Business Intelligence & Performance Management

Business Intelligence delivers dashboards

Performance Management delivers scorecards.

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Business Case for Business Intelligence

Business Intelligence is mostly considered as a luxury to have and not a necessity.  BI is not just one another IT Project.  Business Intelligence System enables analytical thinking and better decision making.  How do you know that you need Business Intelligence? What is the business case for BI? As a company, what should a decision maker look for?

The following check list should help:
1) Do you have any periodical reporting system?
2) How do you make a decision?
3) Where do you get your numbers?
4) Is there one integrated view of all the reports from the departments?
5) Have you provided the decision makers all the data and the tools necessary?
6) Were you able to pin point exactly the cause for any particular event noteworthy like a big order, huge loss.?
7) Is there a consistent system representing the facts, delivering one version of the truth?

BI Tools

1. Oracle Enterprise BI Server
2. Business Objects Enterprise
3. SAP NetWeaver BI
4. SAS Enterprise BI Server – SAS Institute
5. TM/1 & Executive Viewer – (now IBM)
6. BizzScore Suite – EFM Software
7. WebFocus –  Information Builders
8. Excel, Performance Point, Analysis Server – Version 2007/2005 – Microsoft
9. QlikView – QlikTech
10. Microstrategy  – Microstrategy
11. Hyperion System –  Hyperion (now Oracle)
12. Actuate
13. Cognos  (IBM)

I in BI

Business Intelligence is the most misunderstood term.

What is Business Intelligence? How is this different from Datawarehouse?
As there is no clear definition available, the so called pundits define Business Intelligence as the technology platform which provides for business decision making thus delivering actionable insights.

BI is one another term for Datawarehouse, both the terms are relatively the same. But just to differentiate between the two,  Datawarehouse is just the accumulation of data from the various datasources minus the analytics reporting.

Based on the survey results from CIO Magazine,  Business Intelligence is considered to be in top 3 priorities.
” CIOs  identified the top visionary projects that they are working on now or foresee implementing in the future, ranging from process improvement to taking advantage of technologies that can provide immediate and long-term financial impact, such as: business intelligence and analytics, virtualization and green IT, service oriented architectures (SOA), service management, and cloud computing.”