Business Intelligence

FOR IMMEDIATE RELEASE
Hyderabad, Andhra Pradesh, India, Republic of (Free-Press-Release.com) February 2, 2011 -- Business Intelligence
Business Intelligence is a broad field of study. The major thrust of business intelligence theory looks at certain factors to make high quality decisions. These factors include customers, competitors, business partners, economic environment and internal operations. Here is some more information on how these factors help businesses make quality decisions.
Business Intelligence Self Service Platform from a business perspective

We can easily define "Business Intelligence Self Service" as a service provided by an open Business Intelligence platform that enables business users to access the information they need by themselves, using an easy to understand User Interface (UI) that is defined in business terms and not IT jargon. Perhaps the most critical feature of such a service is to eliminate the "IT touch" for the users to create new reports; the platform should support the capability to combine existing data elements into a custom report.
Businesses seeking to achieve a sustainable advantage over their competition are turning to information management systems for detailed data analysis. These systems and methods have evolved to what is now known by the broader term "business intelligence" or "BI".

Companies have long considered data collection and analysis to be fundamental activities for long term strategic planning. Before the rise of the Information Age, most decision making was based on guess-work or trial-and-error practices. Businesses seeking to achieve a sustainable advantage over their competition quickly turned to information management systems for detailed data analysis. These systems and methods have evolved to what is now known by the broader term "business intelligence" or "BI".
Business intelligence refers to in-depth analysis of company data for better decision-making. The technology and processes that make this analysis possible take unwieldy collections of information and translate them into organized, readily-accessible, human-readable compilations of data. With an effective BI tool, companies can easily track their own operations, their customers' activity patterns, and industry trends. These fact-based assessments help companies work toward specific goals with confidence.

The business intelligence process can be broken down into the following three stages:
1. Data
2. Information
3. Knowledge

business     business development     business intelligence     Business Making     business model     Challenges in Business     decision making     Improve Business