Preview

Business Intelligence Software

Powerful Essays
Open Document
Open Document
1173 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Intelligence Software
As we discuss the possibility of emerging into business intelligence software we must keep in mind the overall purpose of using any type of software is to reach strategic goals in order to increase market shares. I will discuss how business intelligence software will allow us to meet those strategic goals. We will establish what type of information and analysis capabilities will be available once this business intelligence software is implemented. We will discuss hardware and system software that will be required to run specific business intelligence software. Lastly, I will give a brief synopsis on three vendors (IBM, Microsoft Microsoft and Oracle) that are dominating the business information software industry today.

The goal to any company succeeding in today 's fast paced high tech world is to establish aggressive strategic goals and a means to meet those goals. The end state of strategic goals is the capturing of your industry market share. Business intelligence software is a means or method to meet the goals. Business Intelligence Software brings together established software into a single working suite that will allow personnel from across the corporation to observe the same information in real time on a day-to-day basis. By implementing business intelligence software into our company, it will allow for a consolidated data collection point. This software will also allow us to tap into this consolidated data using multiple methods and display it in various forms or in real time using different web applications.

The information that can be extracted from the business information software is endless. In the article written by Alison Dragoon, Business Intelligence Get Smart(er), she states the following about data usage; " "[Unused data] is still a great source of untapped productivity and competitive advantage for most companies," he says. Just how much data is going unused? Downes guesses companies are extracting value from only about 20



Bibliography: Cindi Howson, The Best BI Tool [WWW document] URL http://www.intelligententerprise.com/showArticle.jhtml?articleID=21400422 Alice Dragoon, Business Intelligence Gets Smart(er) [WWW document] URL http://www.cio.com/archive/091503/smart.html Unknown, Business Intelligence and Data Warehousing in SQL Server 2005 [WWW document] URL http://www.microsoft.com/technet/prodtechnol/sql/2005/evaluate/dwsqlsy.mspx Unknown, Introducing SQL Server 2005 [WWW document] URL http://www.microsoft.com/sql/2005/default.asp Unknown, IBM, [WWW document] URL http://www.ibm.com/us/ Unknown, Oracle, [WWW document] URL http://www.oracle.com/index.html

You May Also Find These Documents Helpful

  • Good Essays

    Bis/220 Week 1

    • 1404 Words
    • 6 Pages

    Business intelligence systems can be analyzable as they identify, interpret and analyze data for diverse operational needs, particularly for decision-making purposes. BIS information systems may provide analysis that prognosticate future sales structures, reiterate current costs and prognosis sales revenues. Business intelligence systems accumulate data from the assorted data warehouses in an organization and provide management with reasoning according to lines of business, division or any breakdown that management desires. “For example, financial institutions use BIS systems to develop credit risk models that analyze the number and extent of lending or credit given to various sectors.” (Davoren, 2013) These systems may use various techniques and formulas to determine the probability of loan…

    • 1404 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Costco Case Study

    • 1118 Words
    • 5 Pages

    Value creation and building is an essential part of any strategy directed at obtaining and sustaining competitive advantages against any company’s rivals. Strategic business planning must focus upon financial record keeping and the modifications required managing the process, also being aware of the actions and status of external sources is imperative. Keep in mind that the attainment of external business intelligence must adhere to ethical practices and procedures, failing to do…

    • 1118 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    CGS 3300 exam II

    • 439 Words
    • 2 Pages

    11. What is business intelligence is a broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data…

    • 439 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The two different types of Business Intelligence Systems that I picked are SQL Server 2008 R2 and Oracle Business Intelligence Enterprise Edition 11g. Both are great software, but Oracle will always be much better for large corporations and SQL Server will always be better for a smaller corporation.…

    • 622 Words
    • 3 Pages
    Good Essays
  • Good Essays

    P1 unit 3 Ict btec

    • 1429 Words
    • 4 Pages

    Businesses use information for different reasons to make the business perform better. I am going to explain how the business use it for operational support, monitoring and improving performance, identifying trends, decision making support and gaining competitive advantage.…

    • 1429 Words
    • 4 Pages
    Good Essays
  • Good Essays

    | * Technology is just one portion of the business intelligence and the first thing needed for the success of the business intelligence is…

    • 341 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Business Intelligence (BI): applications and technologies used to gather, provide access to, and analyze data and information to support decision-making efforts.…

    • 310 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Throughout history technology has influenced the very fabric of business operations. The role of business intelligence in this shift is the implementation and continuous improvement of that technology. This role is ever changing because technology continues to improve. While to some the role of business intelligence seems new and upcoming the usage and practice goes back to the earliest days of industry.…

    • 7414 Words
    • 23 Pages
    Better Essays
  • Powerful Essays

    7. Business intelligence refers to collecting, storing, accessing, and analyzing data on the company's operations in order to make better business decisions.…

    • 944 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Week 4 Case IT Value

    • 2219 Words
    • 7 Pages

    In the fast paced business world of today, BI is one of the key indicators in getting information to business leaders in a timely manner. Companies rely on this information in order to make rapid business decisions that could either make them money or if not acted upon lose them money. With that being said, BI needs to produce qualitative information in a way that leaders can understand along with being flexible to change as the company changes. Therefore, “the purpose of investing in BI is to transform from an environment that is reactive to data to one that is proactive.” (Ranjan, 2008)…

    • 2219 Words
    • 7 Pages
    Better Essays
  • Good Essays

    CIS 500 CASE STUDY 1

    • 927 Words
    • 4 Pages

    In 2010 the environment at Volvo Corporation was kind of difficult, hard to manage, and expensive and Volvo wanted to improve its BI (Business Intelligence) capabilities. Volvo’s IT architect stated: “All the products out there have been purchased by some department at some time in history, and we are trying to consolidate and simplify our BI infrastructure” (Microsoft, 2012). Microsoft web site from (Microsoft, 2012) stated : “To address these challenges, Volvo is deploying a pilot solution based on Microsoft SQL Server 2012 Business Intelligence data management software and related BI technologies, including Microsoft SharePoint Server 2010 and Microsoft Office 2010. One of the big reasons for choosing Microsoft is that Microsoft products are designed to work well together. “We strive to keep down the number of technologies, and since Microsoft ensures the interoperability of those applications, we don’t have to worry about that,” the IT architect says. According to Asthna, 2011, Volvo car maker collects terabytes of data from embedded sensors in their cars—from their customer relationship management (CRM) systems, from dealerships, and from their factory floors. These data streams are combined and analyzed to yield early predictive…

    • 927 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Retail group has just sent me another quick win request, stated Michael Eubanks, director…

    • 4500 Words
    • 18 Pages
    Good Essays
  • Good Essays

    Business Intelligence

    • 812 Words
    • 4 Pages

    In an article in Harvard Business Review, Thomas Davenport (2006) argued that the latest strategic weapon for companies is ________.…

    • 812 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Many large companies have been using business intelligence (BI) computer software for some years to help them gain competitive advantage. With the introduction of cheaper and more generalized products to the market place BI is now in the reach of smaller and medium sized companies.…

    • 2409 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Norrie, Huber, Piercy, McKeown Introduction to Business Information Systems Second Canadian Edition TEST BANK Chapter 1 1. Globalization suggests that modern businesses are using information technology to: a) expand their market to customers around the globe b) find the lowest-cost suppliers regardless of location c) create 24 hour business days by shuttling work across time zones d) broaden the range of business activities across multiple nations *e) all of the above 2. Moore’s Law states that computing power roughly doubles every: a) 18 days b) 18 weeks *c) 18 months d) 18 years 3. When considering explicit knowledge and tacit knowledge: *a) explicit knowledge is readily codified and tacit knowledge is gained through experience b) explicit knowledge is gained through experiences and tacit knowledge is readily codified c) explicit knowledge is rarely required by knowledge-enabled professionals and tacit knowledge is referenced in text books d) explicit knowledge is more important to knowledge-enabled professionals and tacit knowledge is much less important and rarely used 4. Which of the following are types of information systems? *a) MIS, TPS, DSS b) URL, HTTP, XML c) HTML, ASCII, WWW d) UML, USB, SCM…

    • 23260 Words
    • 94 Pages
    Powerful Essays