Business Intelligence Plan
Business Intelligence Plan
Executive Summary
The purpose of this report is to explain the importance of Business Intelligence and all of its components for implementation into the business structure. During the recent years obtaining useful information in real time has become something that is extremely important, if not even a critical, factor of success for companies. The time managers have available for use in making business decisions has been reduced dramatically. Competitive pressures are now requiring that businesses make intelligent decisions based on their incoming business data, and these decisions must be made immediately (Business Intelligence and Data Warehousing, 2005, p.5; Hocevar & Jaklic, 2010, p.91).
Businesses are looking at tools that will enable them to keep up with technology and its swift movement throughout the business environment. The tool that will enable those managers to do this is called business intelligence. Due to the swift pace of today’s business environment, these systems of business intelligence have become an almost indispensable part of the success of many organizations. With the aid of business intelligence, managers are able to efficiently and effectively detect important trends, analyze the behavior of customers and facilitate expedient decision-making (Hocevar & Jaklic, 2010, p. 91).
Business Intelligence is defined as a broad concept which includes the appropriate orientation of the entire organization. It deals with the acquisition, management and analysis of large amounts of data about business partners, products, services, customers and suppliers, activities and transactions between them (Lu & Zhou, 2000, p. 3; Hocevar & Jaklic, 2010, p.92).
The implementation plan provided will allow the stakeholders to analyze the many different ways in which business intelligence will help the company grow. In this implementation there are several different structures that will assist
Executive Summary
The purpose of this report is to explain the importance of Business Intelligence and all of its components for implementation into the business structure. During the recent years obtaining useful information in real time has become something that is extremely important, if not even a critical, factor of success for companies. The time managers have available for use in making business decisions has been reduced dramatically. Competitive pressures are now requiring that businesses make intelligent decisions based on their incoming business data, and these decisions must be made immediately (Business Intelligence and Data Warehousing, 2005, p.5; Hocevar & Jaklic, 2010, p.91).
Businesses are looking at tools that will enable them to keep up with technology and its swift movement throughout the business environment. The tool that will enable those managers to do this is called business intelligence. Due to the swift pace of today’s business environment, these systems of business intelligence have become an almost indispensable part of the success of many organizations. With the aid of business intelligence, managers are able to efficiently and effectively detect important trends, analyze the behavior of customers and facilitate expedient decision-making (Hocevar & Jaklic, 2010, p. 91).
Business Intelligence is defined as a broad concept which includes the appropriate orientation of the entire organization. It deals with the acquisition, management and analysis of large amounts of data about business partners, products, services, customers and suppliers, activities and transactions between them (Lu & Zhou, 2000, p. 3; Hocevar & Jaklic, 2010, p.92).
The implementation plan provided will allow the stakeholders to analyze the many different ways in which business intelligence will help the company grow. In this implementation there are several different structures that will assist
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