For organisations holding high volumes of data, BI software has become a de-facto standard for drawing high-value, decision-support reporting from large, unwieldy databases.
Using specialised architecture, extracts of the core data are drawn out to populate analytical data ‘marts’ and perspective ‘cubes’ that feed an intuitive presentation layer. Such systems are typically user-driven at the formatting point and are capable of rapid display of underlying trends, cross-relationships, hot-spots, KPIs and other valuable performance aspects that lie hidden under the data itself.
In a majority of organisations all but the simplest reports require some analysis, design and build involving staff in both Business and IT. Additionally, for more complex reports there can be a number of costly iterations due to large data set and tools which are not fit for purpose.
As a result of the implementation of BI tools it can be expected that the Business will spend more of their time carrying out valuable analysis and supporting key decision making, and less of their time on the practicalities of having to process large data sets.
- Use of business intelligence is viewed as a strategic capability, expected to provide organisations with improved understanding of the underlying market trends currently hidden within our large data sets
- Enhanced understanding of our market place will enable and support improved decision making in the wider business.
Some organisations may decide to use large Business Intelligence Software Companies others may decide to use free Business Intelligence Software. However using free software you should pay particular attention to any software performance testing requirements and use the latest sql server 2022 and sap business objects versions
Implementation of any Business Intelligence Software is completely tax deductible.
