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Business Intelligence: Making Better Business Decisions

Business intelligence gathering is a technique used by many organizations to identify, extract, and analyze data in order to produce historical, current, and projective assessments of operations, such as revenue generated by products and departments. It is a computer-based technique that utilizes software tools that assist with the tasks of reporting, analytical processing, data and process mining, event processing, performance monitoring, benchmarking, and so on. The goal of business intelligence is to support better decision making; which is vital to company success.

Information about the internal workings of an organization is crucial for process improvement initiatives, such as lean and Six Sigma. Therefore, business intelligence needs to be a part of process improvement efforts because it helps determine your organization’s operational and production efficiency, product specifications, and aids in making key decisions. Taking on a process improvement initiative without this intelligence can severely jeopardize success.

Deborah Nash
News Editor

Full Story: http://members.questline.com/Article.aspx?articleID=21046&nl=12337

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Inteneo Systems – Big Data Expertise and Solutions from Big Sky Country. http://www.inteneosystems.com

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