Business Intelligence Software: Why You Need It

2007-03-08 10:33:40

( Computers )



It is a common misconception that only big companies need business intelligence software. It is also a misguided assumption that business intelligence software is absurdly expensive and only big, multinational companies can afford to implement them within their organizations. Nowadays however, midsized corporations are slowly seeing the potential of business intelligence within their organizations. Cost-effective solutions are also being offered by a lot of vendors to cater to their needs.

Midsized companies without a business intelligence software and data warehousing solution in place rely on standard reporting tools for business intelligence. Many believe that sorting and resorting their data a hundred different ways solves their problems. The availability of data is valuable to the organization. However, with a business intelligence system in place, the available data can provide a clear picture on how the company is doing and what their weaknesses are.

It is also a misconception that business intelligence reports benefit only technically-savvy people. This type of business software is implemented in such a way that any kind of employee can gather information and understand the reports. Most business intelligence solutions are user-friendly.

When implementing a business intelligence solution, you have to focus on the things that you really need. You can hire a consultant so that you can narrow down your options. You need to determine what type of data you need and what type of reports you need generated. This will save costs when the time comes for you to deploy your system.

Besides focusing on the costs associated with implementing a business intelligence solution, you should also focus on other costs such as employee salaries. Implementing a business intelligence solution saves a lot of employee time and effort when gathering and analyzing data. Your employees can then focus on more important tasks at hand. Your employees become more efficient and productive.


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