BI’s Importance

Writes InfoWorld:

BI vendors that once limited their wares to reporting and querying technologies are increasingly adding BPM (Business Performance Management) analytics on top of their platforms. This extends BI data outside the realm of the traditional “power user,” such as business analysts, to propagate the entire enterprise via scorecards and executive dashboards.

The ultimate goal is to ratchet the BI data locked in transaction-system silos up to the executive suite for daily comparison to strategic goals and budget targets. As a result, an executive can be notified within minutes of critical variations in sales or production, instead of learning about them at quarter’s end.

“The transaction-capture piece is important, but what companies really want to get to is this information system that gives them a good barometer of where their business is at any point in time,” says John Hagerty, an analyst at AMR Research in Boston.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.