Organizations rely on reports to understand information in their day-to-day operational and strategic decisions. Whether it is printed reports, virtual dashboards or score-cards, today’s data is sourced and distributed from disparate sources of data. DATAVERSITY brought this topic to us in their article, “Making the Best Use of Your Business Intelligence Solution.”
In this disconnected process of sourcing, gaps can be created in responsibilities. Businesses often lack the right data and analytics organizational structure. Because every department hosts its own data, there lacks the interoperability of data.
Even with abundance of data, there are the challenges of redundant data and proper analysis. The business intelligence is lost in the process. Business intelligence is a technology-driven process for analyzing data and presenting actionable information to help executives, managers and other corporate end users make informed business decisions.
The benefits of using business intelligence tools include accelerating and improving decision-making, optimizing internal business processes, increasing operational efficiency, driving new revenues and gaining competitive advantage over business rivals – to name a few.
Melody K. Smith
Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.