The Importance of Business Intelligence Reporting
Posted by Ray Malendewicz on Mon, Jun 21, 2010 @ 07:41 AM
My last blog talked about the changes that I have seen in the use of Business intelligence tools. I thought that perhaps this one could discuss the importance of Business Intelligence reporting.
Business Intelligence reporting is a subject that has created a lot of interest, many comments and many BI solutions. There are numerous groups and web sites that discuss the subject in great detail. Even searching the Daily Mirror produces the odd result for Business Intelligence. Sadly no such results can be found in The Sun so you will have to find another excuse to look at page three.
Business Intelligence is important because it enables users to make decisions that affect how an organisation is run.
Forbes tells us that many companies are turning to business intelligence to help them to get a better understanding of the Key Performance indicators that drive their business.
A recent report by Accenture suggests that high performing companies are more analytical than lower performing businesses. They are more likely to have business intelligence capabilities, business intelligence reporting, and data that is integrated and analysed across the business rather than in silos.
But, for most Business Intelligence tools, the cost and time involved in implementing a Business Intelligence solution is prohibitive. In fact many consulting organisations advise you to start slowly and then build up. This, however, can prove to be difficult because there is often a need to build a data warehouse. As it would be inefficient and expensive to continually add to a data warehouse these tend to be built before users can take advantage of Business Intelligence reporting.
At QlikPower we have found that one of the advantages offered by Qlikview is that, as a data warehouse is not required, data from the whole business can be analysed. As importantly it allows you to start slowly and then build up. You will quickly be able to gain the benefits of Business Intelligence reporting without the huge cost of developing a data warehouse.
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